Smith, Marty Xcel

<p class="MsoNormal">&nbsp;enough that they would be competitive. He does see a real likelihood that large solar is going to pull back with budget cuts etc., but sees all sorts of things happening on the small renewables side. Even without being cost-effective, it's basically like rain coming down. In terms of wind, he thinks that that some of the window quite a bit of the wind is getting pretty close to competitiveness. In some of their most recent wind bids they were looking at 50% capacity factors.</p>

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Xcel energy has a sophisticated risk management system. &nbsp;A VP for Risk Management, who sits on the Environmental Council. &nbsp;&nbsp;Do all sorts of risk management and assessment.&nbsp; Heavily quantitative, but also incorporating variables like climate policy. &nbsp;</p>