Deck:
Utilities are absorbing distressed IPPs, and raising alarm bells in the process.
Author Bio:
Michael T. Burr is a Fortnightly contributing editor and a freelance writer and consultant based in Minnesota.
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As a former independent power producer, George Lagassa is sympathetic to the woes of the merchant power industry. Until just a few years ago, he held the license to a micro-hydro qualifying facility (QF) in New Hampshire, so he understands what it takes to compete in a regulated-franchise industry. Yet, as the principal of Mainstream Appraisals in North Hampton, N.H., Lagassa is also a dedicated pragmatist. He sees the industry's consolidation trend as a sort of correction in the U.S. power market.
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