So the Federal Energy Regulatory Commission (FERC) won't break up the electric utility industry. But it may happen anyway (em if not at the FERC's direction, then perhaps under pressure from state...
Tracking Stock for Utilities: Highway to Higher Valuations?
Buy Tracking Stocks," Business Week, March 6, 2000, 182.
13 "Country Briefing, USA Finance: Tracking-Stocks Experience Revival," supra note 1.
14 Gupta, Ajay, "Tracking Generation- Financial Innovation for a Restructuring Industry," supra note 2, discussing factors that would make a spin-off a taxable transaction. See id. for examples of regulatory constraints on a divestiture of a utility's generation or T&D operations.
15 Banham, Russ, "Tracks Stars; Tracking Stock," Journal of Accountancy, July 1, 1999, 45.
16 See main article and text accompanying main article's notes 3, 8, and 9.
17 Hoff, Christina, "K-Mart Weighs Its Options After Defeat by Shareholders at Stock-Sale Proposal," The Wall Street Journal, June 6, 1994, at A2.
18 Neish, Stephen, "Creating Value With Targeted Stock," Corporate Finance, June 1995, 27-35.
19 Louis, Arthur M., "Tracking Stock Can Unleash a Unit's Value," The San Francisco Chronicle, May 11, 1999, at C1.
20 Barr, Stephen, "On The Right Track?" CFO Magazine, Nov. 1, 1999, 105.
21 Schiesel, Seth, "AT&T Revamps to Win Local Phone and Internet Gains," The New York Times, Dec. 7, 1999, at C15, Col. 1.
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