That is correct.

Are you going to attend the Palace States auction and to what extent the merger distraction played a role in preventing you from attending the auction?

The company is interested in adding to the nuclear portfolio and in general FPL will at least take a look at any new nuclear plants to come up for sale. The merger distraction is not a factor.

Why you are treating this storm cost disallowance as ongoing?

It is part of the GAAP results and the investors will figure it out how to treat it.

Can you close the deal with uncertainty like the stranded cost in Maryland regulation?

The company feels very good about the legal position on this stranded cost. In this business it is always going to be regulatory uncertainty.

What is your offer for the merger?

It is 600 million.

You mentioned that the wind power conditions were below normal. Can you relate that to a capacity factor relative to normal and will that be a good measure?

The lower wind index translates to lower capacity factor. There is nothing else going on but just the usual variation. Some of the work that FPL is doing at the moment is trying to relate fluctuations in the wind resource availability to other weather or climate phenomenon over a longer period of time and at the moment nothing special is known about that. The company has a hypothesis about, whether there is a linkage between the weak wind resource and the extremely hot weather in the large part of the country. But nothing can be proved for the moment.

Do you relate to a capacity factor an average for the whole system?

This is normal. This is just part of the fluctuations. The wind resource does fluctuate quite considerably and it fluctuates more on the daily basis than on a monthly basis, more on a monthly basis than on a quarterly basis. Sometimes there are good quarters and sometimes there are not so good ones. This quarter wasn’t good.

Could you comment on your thoughts on the market in Texas?

Texas market has being doing well all through this year. This is one of the reasons that FPL Energy is above its original expectation, the ERCOT portfolio has performed extremely well.

If there already was a sense in terms of prices and not so much in terms of demand were they plateau?

In the second quarter the expansion has been prosperous, forward spreads. FPL had always indicated that it didn’t expect the market to come back in the so called equilibrium until the later part of the decade. The company is seeing some of that a little earlier than expected.