Wall Street is back in business. What’s next for utility finance?
The New Tax Equity
With a shifting policy climate, equity financing for renewable energy projects is becoming more scarce. Real estate investment trusts (REIT) offer an alternative vehicle for bringing in capital from investors who aren’t seeking tax incentives. But restrictions and requirements make REITs a tricky way to finance power projects.
Utilities stay the course in a volatile market.
A wave of mergers and acquisitions is moving through the industry, as utilities and financial players position for growth and strategic advantage. Will economic and regulatory forces continue supporting these transactions? Our annual finance special report examines trends in capital markets and M&A deals involving utilities, power generators and gas suppliers.
A rise in shareholder activism poses questions for companies with lagging share performance.
The rise in shareholder activism could spur some companies with lagging share performance to initiate or accelerate strategic initiatives, including separation of functionally disparate businesses, MLP formation, selling non-core operations, or selling the whole kit and caboodle. That said, there is value creation, and then there is looting.
Superior asset management, exceptional cost discipline, and magnificent growth opportunities define the winners of our second annual financial ranking.
(September 2006) Consistent performance over time is the Holy Grail of corporate management, and a focus of many of the executives who made this year’s Fortnightly 40 ranking. Who returned to the list, and who fell off? And more important, why?
Which is the best energy company?
(September 2005) Top honors in our first annual financial ranking go to those staying with the basics and to those dealing with soaring commodity prices.
Companies that were on a buying spree before 2001 are putting assets worth billions n the block
A casual observer might expect that the industry's economic condition would produce a cornucopia of cheap assets for acquisitive companies . Eventually it might, but so far, it generally has not.
Tools for measuring credit risk.