Analysts: Down on utilities. Is the party over? That’s the tough question posed in a research note by Wachovia equity research analyst Samuel Brothwell.
Transactions (December 2012)
Entergy Mississippi to spin off its transmission business to ITC; Calpine acquires Bosque Power merchant plant in Texas; WPS acquires Fox Energy plant; E.On buys interest in Magic Valley wind farm; plus bond issues by Nstar, Western Mass. Electric, Texas Eastern Transmission, Alabama Power, and NSP totaling $1.55 billion.