Calpine acquires 1,050-MW combined-cycle plant in Texas; Allete buys AES wind farms; NextEra acquires Silver State solar project from First Solar; plus equity and debt deals involving EdF, Emera,...
A View on the TXU Leveraged Buyout
Is power a public good or a private goodie?
the main deal killer. The true Achilles heel for KKR/TPG, which cannot be quantified effectively by using sophisticated financial models, is the risk of not obtaining state regulatory approval. This is the one uncertainty that should keep KKR/TPG executives up at night.