Lately the price of PSD has dropped as much as 10%. If this was a regular market, that could mean something, but we are not in a regular market - it's still driven by fear and emotions. The status of the merger has not changed one bit from my last post. There have been no new publicly announced press releases, but some interesting filings with the Washington Utility and Transportation Commission (WUTC) may be of interest. Recall that I wrote about how the final reply briefs had to be submitted by October 23,2008. Well, there were plenty of submissions and responses. I'll provide a brief look at what's been going on.
Continue reading...Friday, October 17, 2008
I wasn't planning to write an update on the PSD arbitrage but a reader asked for my opinion on how I currently see the PSD merger so I'll share it with everyone else and try to provide additional information.
Continue reading...
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Saturday, November 29, 2008
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