Buyer and seller beware

The mergers between Pacificorp and MidAmerican Holdings, and Duke Energy and Cinergy – both announced in May – look to be just the start of a wave of consolidation in the US utility sector. And utility mergers tend to lead to power-plant sales by companies seeking to optimise their portfolios – which, in turn, is likely to bring activity in the hedging market, particularly of natural gas, as well as electricity.

Yet the question of how either the buyer or the seller of a generating facility

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: