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Utilities on Steroids

What's behind today's oddball mergers?

Fortnightly Magazine - July 2005

large-scale consolidation were to take place, then non-contiguous mergers pursued by Exelon, Duke Energy, MidAmerican, and AEP may make great sense.

In fact, in the context of a larger merger wave, such non-contiguous utilities would be best-positioned to take advantage of consolidation in multiple regions-perhaps proving that the decision to conduct a contiguous or non-contiguous merger may be as fine a line as the one between genius and insanity.