Baltimore has always been very sensitive to mild weather. That's a major reason they expanded their non-regulated trading business.

The rise in power prices was much greater than any kind of demand growth could have produced.

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.

I think that it at least puts this enormous obstacle out of the way. Now that the polemics are over everybody can finally discuss things with less emotion.

It's obviously the right thing to do. Most companies realize the residential class just can not get a rate shock.

Probably most of the plants they intend to sell are in the Southeast. It is a tough market and very regulated, so it was harder for them to carve a place there.