Back in 1978, Congress passed an energy bill, the National Energy Act, including an obscure provision that seemed like an incremental tweak to U.S. energy policy. But eventually, that incremental...
Utilities on Steroids
What's behind today's oddball mergers?
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.