FPL/Constellation merger could be tip of iceberg

With US utilities scrambling for cheaper ways to generate electricity, historically high gas prices could trigger a wave of consolidation similar to FPL's recent $11 billion merger with Constellation Energy Group.

In December FPL, a Florida utility owner with a large portfolio of gas-fired power plants, agreed to buy Baltimore-based Constellation in an all-stock deal that is scheduled to close by the end of 2006. If approved, the combined company will register $22 billion in annual revenues

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: