It comes as no surprise that regulated investor-owned utilities (IOUs) hold divergent views on the restructuring of the electric industry. Size, generation cost, transmission access, customer...
some individual units have sold for less than book value, that has not occurred for any single group of stations. For example, Pacific Gas & Electric sold its Morro Bay, Moss Landing and Oakland stations as a group at more than their combined book value, but Morro Bay and Oakland units were each priced at less than their individual book values.
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