RE:RE:RE:RE:RE:RE:RE:RE:RE:Green day for JEIf anything, the hearings basically revealed to the politicians, repricing isn't realistic, due to the fact that many of the financial hedging transactions via ICE have already been settled. In addition, repricing even if were possible would be merely shifting the damage from one group (retailers) to another (generators).
https://www.kxan.com/news/texas/texas-legislators-weigh-whether-to-reprice-after-ercot-overcharged-for-electricity-during-winter-storm/ Therefore, as another poster already noted, the most realistic outcome that can be hoped for is a bailout from the state government, which is notoriously conservative and anti-interventionist when it comes to anything to do with businesses.
GaillardDeshaie wrote: Tommy & Marky, well with all informations coming from lots of place, the pending VOTED to reverse the charge of those 32 hours, and need to be accepted by PUCT, I understand and believe in the knowledge and skill from Mr. Scott Gash however for now JE is under Creditors Protection to be able to continue their operation. If JE win, that is good, but if they loses and they can't pay the bill to ERCOT, they will not have other choice to fall and bankruptcy and will be take over by DIP who supplied the $$$ in garanty. If it is happen ALL shareholders will lose their investment, right? The vote was supposed to be last Thursday. Did not hear anything about it. Really hope to get news soon about DO or DIE. GLTA. Gaillard. If you want to get in touch directly, feel free to email me at jeandeshaies@hotmail.com