It looks to me like another case of an obvious error (i.e.
the counterparty  should have known it was a mistake).
I'm afraid we've just been lucky that  the numbers have been so far off - some day we're going to have one that is  too close to call obvious.

Correction to PG&E Spread Trade
It looks to me like another case of an obvious error (i.e.
the counterparty should have known it was a mistake).
I'm afraid we've just been lucky that the numbers have been so far off - some day we're going to have one that is too close to call obvious.
numbers far day counterparty known mistake looks going like case obvious error close afraid ve just lucky