Thanks iaflyer for the website link.

Here is a direct link to the paper: http://www.openandfairskies.com/wp-c...hite.Paper.pdf

I had a quick glance, and it definitely looks like a quality effort. I'll probably stay up tonight with a coffee and enjoy the read.

There's finally some more information on the 'hedging subsidy' - a novation to ICD, as it turns out. I'll read it later today. Eternaltransit, you'll probably find this paper to be very interesting.