Saturday, May 2, 2009

28) When will wind technology show +ROE?

MidAmerica has largest wind capacity in Iowa and we are a next exporter there. Wind cannot be relied on at all times 30pct. Have not increased rates in 10 yrs. Part of gain comes from tax credit. We pay a lot of taxes so we can us the TC.



Cm - in anything that makes sense in utilities we will be the leader



Wb - constellation didn't work out, dave sobel went in with an all cash bid that tues night. Dave called at noon offered firm bid that night.



We bought a co. In 2 hrs. Dyengy. Told regulators let us buy early and we will do whatever u tell us. Don't need to ask lawyers just do it.