The death watch continues, with very little hope that it can end in other than a Chapter 11 (bankruptcy) filing.

Every utility meeting you go to now, they talk about who is going to be taken over. ... I think once the ball has started rolling, it will pick up a lot of snow.

We're the last industry in the United States to rationalize. It really hurt the United States because we don't have a national grid system where we can transport power easily from many places to other places.

If you get to a certain point, there's no pulling out of it.

It became like a religion.

That's not a level for the faint of heart.