RE:RE:RE:Kentucky Power acquisition ..
pennydredful wrote: I would guess that rates to customers are too low likely as current owner has not added to rate base ( as they let facility run down by not spending money ). FERC has ears for the customers and may prefer Kentucky produced coal be used rather than higher cost wind or solar that will need higher rates that AQN would use to replace coal.
I think they will do the "Canadian two step" with Kentucky power. They will pay lip service to appealing the FERC decision whilst breathing a simultaneous sigh of relief. They will visibly do everything to further the deal to avoid litigation, but not enough to get it done. There will be news releases and updates on their valeant (no pun intended) efforts.
The break fee will be paid, but can they avoid the lawsuit for not completing the transaction?