[SSS Two]

You need to understand that the REPs have a pretty good handle on how much electricity they'll need. They purchase the baseline load with long-term contracts at a decent price. When the REPs anticipate a spike in demand, they'll go out and buy additional electricity to meet that demand. That's why you saw electricity prices inching up last week when the cold temperature were forecast. The REPs are in a pretty good place.

Who is left holding the bag? Electricity generators who pre-sold electricity and now can't generate it. Those are the ones feeling the short-squeeze. What do you think would happen if some joker who owns a wind farm sends me a bill because he got caught up in a short squeeze? Meanwhile, I'll pay my REP on time.

[BiglyCommentary]

Thanks for that inside baseball info. Very helpful to know.