M&A for T&D
Grid system operators now hold the cards. That means a bidding war for talent and a new wave of mergers.
TBy issuing new rules for a Standard Market Design (SMD) for wholesale power, the Federal Energy Regulatory Commission (FERC) in all likelihood will usher in a new wave of utility mergers. But the pattern will differ from what we have seen in recent years.
The deals will center on the transmission sector, and take a horizontal shape, rather than vertical.