January 22, 2007 - Leonidas

0122Final1410 A To my understanding that is correct.11 MR. FREUND: Okay, that is all I have got.12 CHAIRMAN NICOLAU: Mr. Katz?13 MR. KATZ: Let me ask a question or two of14 the witness.15 REDIRECT EXAMINATION16 BY MR. KATZ:17 Q On cross-examination Mr. Freund was trying18 to suggest that the rates in the transformation19 plan, LOA 93, were going to continue for at least20 seven years. Do you have a view as to whether, if21 another opportunity arose improvements would be22 negotiated sooner than that?23801 MR. FREUND: Objection; calls for2 speculation.3 CHAIRMAN NICOLAU: I thought it was a4 nonamendable agreement. But it could be, if5 somebody said yes. Is that what you are saying?6 MR. KATZ: That is right.7 CHAIRMAN NICOLAU: That is possible. It8 is also possible that it wouldn't be seven years,9 that no matter how long it took to negotiate it a10 lot of the rates would be retroactive. We all know11 that.12 MR. KATZ: That is possible.13 CHAIRMAN NICOLAU: Okay, so you don't have14 to do that.15 BY MR. KATZ:16 Q And you testified, I think, that there was17 an opportunity presented by the Delta transaction,Page 40