Dan Ebert
Dan Ebert
challenge contracts costs problem result supply understand
The first thing we need to do is understand how big the problem is. We know the costs have escalated as a result of the supply disruptions . . . but the significant challenge is going to be the new contracts that are escalating in a very significant way.
cases course distorted dynamics market prices resulted sustained time
The market dynamics at the time we were considering those cases distorted the market and resulted in prices that were probably not going to be sustained through the course of this year.
absolutely costs gone lights rates tough year
Yes, rates have absolutely gone up this year and it's been very frustrating for me as a commissioner. But at the end of the day, these are costs we can't just say no to. If we want reliability and we want the lights to go on, we've got to make the tough decisions.