"Tom - I'd LOVE to negotiate on behalf of rate payers - generally that means negotiating on behalf of the distribution utility off-takers. But by and large they do not seek help from me or anybody else. More often than not, I'm working the other side - advising the IPPs on pricing. Frankly, that's not the best use of my experience because it's the buy-side parties who are, in most cases, out-gunned and who will need to do the innovating (away from the regulated PPA environment) - the IPPs are not going to drive it. Most of the Kepco plant's capacity appears to be under PPA - multiple, long-term PPAs with different distribution companies. I understand that there is still some portion of the capacity that is not covered by long-term PPA. Your observations are all good. The buyers are taking most of the risks. My opinion is that it's because contracts are still highly influenced by the older contracts that existed prior to restructuring when the buyer was the state which could assume such..."