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Last week, federal regulators set a "soft" price cap of $150 per megawatt hour on wholesale rates in the state.
This has pushed up their cost of borrowing, and further weakened their position.On December 15th the Federal Energy Regulatory Commission intervened by setting a "soft" price cap of $150 per megawatt-hour on wholesale electricity, meaning that power suppliers could charge more than this but would have to justify themselves if they did so.
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"While we expect the rig count to rise gradually, the revenue impact would be muted by soft pricing and roll-off of higher-priced contracts".
By contrast, he argued, the merger with Allied World would be doubling down on casualty during a soft pricing cycle.
Mr Walsh believes Ryanair's profit warnings over impending "soft prices" are a way to cut its own fares and may be a route to forcing other, weaker European airlines out of business.
Even with an overall housing market gone soft, prices in waterfront communities where prices have risen sharply are unlikely to sink back down, according to real estate agents who specialize in such properties.
To pursue the medical analogy introduced earlier: the symptom is deflation (or, at least, soft prices), the diagnosis is weak aggregate investment demand, and the recommended treatment is money supply growth.
A combination of P&O Princess and Royal Caribbean would eclipse Carnival as the largest cruise operator at a time when bookings are soft, prices are falling, and scale is becoming more important.
With the commercial market in New York still soft (prices for some of the buildings Mr. Rudder sells have declined 40 percent in the last few years), he said almost all of his recent sales of office condominiums had been to foreign buyers, especially those based in Asia, where the economy is booming.
These helped the company dull the blow of soft prices.
The sector has been hammered by soft prices for solar wafers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com