I can confirm that he passed away yesterday, and it is our understanding that it was a suicide. |
Investors have made it very clear that they don't believe the merchant companies really are going to continue to have significant returns to corporations. I think that's a major driving force that has had the ratings agencies rethink how they want to view these companies. |
It was not a gamble. The plant and the power were needed; it's our job to provide that. |
It's the not in my backyard syndrome. And it's very difficult. We all need power. Plants need to be somewhere. |
There is no indication that Rice's death has to do with the results of this company. |
We are confident that our plant can be a good neighbor, as well as an important contributor to the economic health of the community, and will provide the safe, reliable electric service that is vital to a growing region. |
We believed we had the proper authorization to build the plant and build it where it is. |