I don’t think HE should be making that decision, especially in an upstream role—and the fact that they’re in that position points at a need for regulation.
However, I would argue that KF is a long-term threat whose imminent dangers were honestly a very narrow lens that barely appeased a company that shouldn’t have been making the call in the first place. Their position in last year’s debate created a very volatile atmosphere for a solid month—a situation which would be volatile once again if brought back.