New FERC chairman says plenty of activity yet to come
Utility executives may have slowed their merger and acquisition activity to catch their breath, but it`s far from over, says Jim Hoecker, the new chairman of the Federal Energy Regulatory Commission. He doesn`t think we`ve seen the last of this phenomenon. As the industry begins to understand the shape of market developments to come in the future, increasingly creative M and A activities will be seen. But there`s also many other contractual arrangements among utilities and between utilities, pipelines, and gas distribution companies that reflect the more dynamic market of today. In the interview, he referred to a survey of utility executives in which as many as 45% indicated that their companies were involved in merger or acquisition activity. That survey found about 70% of these executives felt there is going to be more consolidation within the utility industry and an even larger proportion concluded there would be increased mergers between the electric and natural gas industries. In addition, Hoecker discusses gas versus electric, gas versus coal, and FERC`s future.
- OSTI ID:
- 543536
- Journal Information:
- Pipeline and Gas Journal, Journal Name: Pipeline and Gas Journal Journal Issue: 10 Vol. 224; ISSN PLGJAT; ISSN 0032-0188
- Country of Publication:
- United States
- Language:
- English
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