capitalization

Expanding Deals, Shrinking Companies

After 20 years of consolidation, the industry looks distinctly different.

Today the focus has returned to building scale, as well as enhancing market access, financial stability, asset portfolio mix, and customer scale.

A Call for Consolidation

Electric utility mergers loom as the next step in restructuring.

The electric utility industry is inefficient: the firms are too small, lacking economies of scale achievable through mergers and acquisitions.