IPPs and Merchant Energy Co.s Message Board

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Strategies & Market Trends : IPPs and Merchant Energy Co.s

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To: jim_p who wrote (1683)	3/27/2003 9:18:11 AM
From: ItsAllCyclical	Read Replies (1) of 3358

The banks have nothing to lose by granting RRI another refi extension. They also have nothing to gain by signing now vs 1 month from now when situation is more clear. It could be argued that they may want to sign now to secure assets, but then why didn't RRI sign over 1 month ago. I think the risk of BK is still remote, but whereas it was about 1% previous it's probably more like 5-10% now. I don't think any ruling from the FERC will have much impact on their business. Nor do I think any fine will put them over the edge. However, I am worried about how the bankers will view this.

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