Back in 2000, Midlands Electricity was a profitable and, to all intents and purposes, a viable going concern. The business profile of the utility was supported by predictable revenues and underpinned by the regulated electricity distribution operations. A year earlier, the company had sold off its supply business, which further bolstered its profile.
In August 2000, when US energy firm FirstEnergy made a bid for Midlands, the company was in possession of a respectable single-A minus ra
The week on Risk.net, December 2–8, 2017Receive this by email