Yeah it's been stuck in a channel since August. I don't expect it to break out until new PJM RPM auction rates take effect in mid-2014, but I can't see it breaking down unless a fed taper comes fast and furious.
SO its basically a shift in strategy from hydro toward other forms of generation? Perhaps more emphasis on nuclear? Seems a violent move for such an asset shift, overdone. Uncertainty is creating the downward move, time to jump in, iMHO