This is interesting because counterparty risk is relatively well understood, but the risk of yourself being downgraded seems not to be. A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
Also, as long as Constellation operates in "liberalised" energy markets (US, UK), they have to have an energy trading section. A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
