Jae Jun

Merger Review: Puget Energy

@ Marc,

It's even been mentioned in the last filing that upon approval, the merger will close in 2 weeks. That's why there was a press release stating that the deal will not be completed until 2009.

Also, those 78 commitments have been agreed upon for many many months. I have read through it and its stuff like, "PSD assures it will maintain its level of service", "PSD will work with involved parties to ensure fairness" etc etc.

@ User,
Macquarie had the financing in place for well over a month now. It's always been the public counsel trying to delay things and I'm not in the least bit worried about the 30 day appeal because it is just another excuse for the public counsel to try and use another delay tactic which shouldnt work anymore.

The market has no clue since it doesn't read the statements and the public hearing filings.

They said the deal was going to be difficult to pass given a 30% spread, but that was overcome quite easily except for the unnecessary delays.