John Anderson is jumping out of his shoes. And his socks, too. His group, the Electricity Consumers Resource Council (ELCON, where Anderson serves as executive director) may at last get its way....
Why Aren't Distressed Assets Selling
places extreme pressure on owners and lenders, but even insufficient equity returns cause equity value deterioration, contributing to financial distress over the longer term. This, in turn, lowers asset values, setting the stage for their acquisition or refinance at lower effective capital cost recovery levels.
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