Then problem is that when the IPP makes the IRR that would imply a profit in a dereg state guess who is on the other side of that.
Craig Lawrence (@clawrence)
NRG is not guaranteed those returns. They take the development risk and put up the development capital. And have to compete with other IPPs. It’s not the utility rate of return that’s the issue. It’s the guaranteed rate of return. Along with a guaranteed monopoly.
— https://nitter.net/clawrence/status/2085517753633415385#m