"Rod - You mean with the types of procurements that PG&E has been coming out with subsequent to 2001? It's possible.  There are some striking similarities and yet some significant differences in their situations.  It'll be interesting to see what Meralco does and when. Their Transition Supply Contract with Napocor expires December 2011. It's roughly 1,500 MW. One of the things I have to keep prodding myself to keep in mind from the perspective of markets and practices is that what didn't work in or wasn't appropriate for California may indeed work in or be appropriate for the Philippines. There's only a few brilliant thinkers in the Philippine power sector to help us piece this together. Fortunately for me, one of them is my partner." - Nick in Manila