Jeremy Fago is the US Power and Utilities Deals Leader at PwC.
PUF looks forward to regular conversations with PwC powerhouse Jeremy Fago, for insights on where utilities have been and where they are going. This time, the PwC US Power and Utilities Deals Leader wraps up the year, and discusses 2021's hot topics, including of course, the pandemic, ESG, and the latest from Washington, D.C.
It's all tied together, leading to where the energy and utilities industry is putting its money and eyeing deals. An industry that is undergoing profound change invests lots of capital, and that makes Jeremy Fago more needed, to help understand the intricacies of investment and where 2022 will take that money. Listen in.
PUF's Steve Mitnick: Where are we now? What are the headlines? How has the pandemic influenced deals?
Jeremy Fago: 2021 was up from where we were in 2020. That's not a huge surprise. Volumes have been roughly consistent with prior years, but the deal types have changed.
I don't know how much of it is pandemic related versus the types of deals that were being done four or five years ago. When you look at those mega deals that were being done where maybe an electric is buying a gas platform, for example, you saw some high premium deals.