The company is anxious to get out of bankruptcy and to bring itself into compliance with the environment. This should happen in a matter of months.
More Quotes from Daniele Seitz:
The company has insisted that last year was an exceptional year. I don't think this (drop in earnings) changes much of their long-term outlook.Daniele Seitz
Baltimore has always been very sensitive to mild weather. That's a major reason they expanded their non-regulated trading business.
Daniele Seitz
The rise in power prices was much greater than any kind of demand growth could have produced.
Daniele Seitz
He can, if he does the restructuring smartly, save more than he will be paid. He is a master at this, and it is not an easy task.
Daniele Seitz
You have a company that cannot sell its power and customers who are going to have higher prices to pay. That's the price of shutting down the plant. I hope people are happy they can breathe better, but nothing comes cheaply in energy.
Daniele Seitz
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