CNP makes its profit to a large extent by fees obtained from CER for the managemant of assets owned by CER. I believe that CNP has used CER as a cash cow for a long time. I hope that is coming to an end. The hedging was one way of CNP passing off financial risk to CER.
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CNP makes its profit to a large extent by fees obtained from CER...
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Mark Waller, MD
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