Credit issues hit US power market

The board of Houston-based Reliant Energy has announced plans to explore the company's options for enhancing shareholder value in light of tightening credit conditions.

Reliant downgraded its financial outlook for 2008 by $300 million on September 29 blaming the financial impact of Hurricane Ike and lower commodity prices. It also announced it would put a number of initiatives into action in a bid to strengthen its financial position. This included ending its credit-enhanced retail structure with

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

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 individual account here