There aren't any new facts here. It appears to me that Duke was justified in attaching a credit risk premium because more than a year later, they still haven't been paid. Who cares what the bid price is, if the buyer doesn't pay for it? They might as well have charged $2 billion per megawatt.
The reporterette then ran to Frank Wolak, a well-known Stanford commie, for his opinion. Great journalism, Stella.
Duke must be confident that Davis will be defeated. Otherwise, I can't understand why they intend to continue to invest in California.
Actually given the skills of the typical reporters I usually talk to, I am pretty impressed as well!
Considering that Duke is owed over $200 million, if one feels that Duke is a crook, one should feel that the ISO is an even bigger crook.