[dalereed]

That price was a bid, California didn't have to accept it but they did which makes it binding contract.

I hope that if it gets to court Duke wins and California has to pay costs.

BTW I live in California.

[dread78645]

That price was a bid, California didn't have to accept it but they did which makes it binding contract.

Yep. My take is they got concerned about the un-paid bills, and since all power producers are required to bid, Duke jacked up the bid to make it less likely that it would be accepted or the last bid to be accepted ...

Let the Reliant and Enron get some un-paid invoices too.