Doubts intensify over New England’s radical new market for electric capacity.
Financial data raises doubts about whether deregulation benefits outweigh costs.
Buying Time
Slowly and cautiously, utilities are moving back into growth mode.
The air is buzzing with talk of mergers and acquisitions (M&A). It can be heard in the boardroom and on the trading floor. Bankers hear it, and they see their deal backlog beginning to grow. Fund managers hear it, as they hunt for the best buys in the market before strategic investors snatch them up. Financial advisers and lawyers hear it, too; their phones are ringing more than they have in years.
People for August 2004.
The commission's power grab over bankruptcy courts condemns merchants to a corporate netherworld.
Utilities are absorbing distressed IPPs, and raising alarm bells in the process.
Financial players and load-serving utilities are looking for power asset deals.
Financial players bring credit depth to energy markets, but will they play by the rules?
Generators struggle to plan for the future as they cope with an unstable present.
People for December 2003.