Wednesday, November 15, 2006

Rethinking Utility Mergers

Energy Biz Insider:
The bigger they are, the harder they fall. FPL Group and Constellation Energy have called off their $12.5 billion merger about a month after Exelon Corporation and Public Service Enterprise Group canceled their deal. In both cases, state regulators expressed serious concerns over whether the match ups would be beneficial to all stakeholders...

State regulators have said they do not want to weaken their regulatory oversight and for better or worse, utilities must listen.