Wednesday, June 07, 2006

Foreign Ownership

Energy Biz Insider:
Foreign ownership of American utilities is not uncommon. For example, National Grid owns Niagara Mohawk and E.ON owns LG&E Energy Corp. In those cases, state regulators are pleased with the level of capital being placed in new infrastructure as well as the amount of investments in economic development. And with the repeal of the Public Utility Holding Company Act in last year's energy bill, cross-border offers could become more commonplace.