Positioning for the Next Deal
Small Utility M&A Opportunities
Utilities need to focus on these three areas to have the best chance of success.
Mergers & Acquisitions
Buy Small, Win Big
Smaller Utilities for Next Deal
Looking for deals? Consider moving fast. The smaller utility market is shrinking.
Valuation and Leverage: Paul Fremont
Joined Mizuho Americas in February
We talked with Paul Fremont, Mizuho Americas' Energy Analyst
Shareholder Activism: Coming to a Utility Near You?
Leadership Lyceum Podcast: A Conversation with Chris Young, Managing Director and Head of the Contested Situations Group at Credit Suisse
Linquist spoke about shareholder activism with Chris Young, a lawyer who moved into investment banking in the technology sector. Young spent six years at Institutional Shareholder Services. Chris joined Credit Suisse seven years ago and leads the Contested Situations Group.
Energy People: Jane Lewis-Raymond
A Partner, Parker Poe LLP
Jane Lewis-Raymond is a partner in Parker Poe's Charlotte office, practicing with the firm's Public Company Growth & Compliance and Energy groups. She has over 25 years of legal experience, including a decade as general counsel and chief compliance officer of a publicly traded company, Piedmont Natural Gas.
Energy People: Peter Terium and Klaus Grellmann
innogy is Germany's leading energy company.
Terium is CEO and Chair of the Mgmt. Board at innogy SE. Grellman is Managing Dir., innogy Consulting.
Joining the Fortis Family
Leadership Lyceum Podcast: A Conversation with Paul Bonavia
Paul Bonavia is Retired Chairman and CEO of UNS Energy (Tucson Electric Power). The company was sold to Fortis in August 2014.
Looming Risks of Regulated Assets
History May Not Predict Future
Maximizing exposure to regulated assets may not be an optimal long-term investment strategy, despite its present popularity. The factors considered here include lower allowed returns on equity, the law of diminishing returns, declining demand for the product, price increases, and a possible death spiral.
Perpetuating the California Dream
Leadership Lyceum Podcast: A conversation with Edison International CEO Pedro Pizarro
Edison International is the publicly traded holding company for Southern California Edison, the regulated utility, and a small array of non-regulated investments, plus Edison Energy. At $11.5 billion in annual revenue, and serving 15 million customers, the company is one of the largest utilities in the country.
Reflections from The Room Where It Happened
Leadership Lyceum Podcast Summary
Conversation on M&A: Former CEOs of PHI and NiSource/CPG, Joe Rigby and Bob Skaggs, and Director Les Silverman.