capital markets

Transactions (March 2014)

SCE&G acquires larger share of VC Summer nuclear project; APS buys SCE's share of Four Corners power plant; Allete (Minnesota Power) acquires from AES 231 MW of wind farms in four states; EdF acquires 194-MW Texas wind project; NRG issues $1.1 billion in bonds; ComEd floats $650 million in two tranches; plus transactions involving TransCanada, Alterra, PSEG, and others totaling $3.4 billion.

The Ultimate CEOs: Constellation Energy’s Mayo A. Shattuck III

The CEO Power Forum: Not all utility CEOs are created equal...

"Goldman Sachs built the platform. They came from a world of conventional procedures and compliance, and an understanding of rule sets. Almost every other wholesale platform built in Houston and run by cowboys got out of control."

Last Call

Utilities are enjoying some of the best financing terms anybody’s ever seen. Is the party winding down?

Conditions are ideal for utility financing—but not forever. Although interest rates remain low, policy changes weigh on capital structures.

Views from the Bond Side

How fixed income investors view the utility sector.

Bond investors are keen for signs of a legitimate recovery, and will be looking to move into holdco bonds.