Recent generator announcements continue to impact the short term outlook. In PJM, additional coal and nuclear retirements are reflected with the Pleasants Power Station in West Virginia and Exelon’s Oyster Creek in New Jersey. In ERCOT, incremental supply changes also imply additional upside to prices this summer. And, in California, NRG announced it would retire a number of gas fired generators in the market in the near term. Finally, in terms of demand, recent announcements around power intensive industrial projects also highlight potential additional upside to the forecast.