Stimulus funds expected to spur power mergers (Dealscape

President Obama's Oct. 27 announcement that the government would spend $3.4 billion to support projects aimed at modernizing the country's power grid will spur M&A and private equity investment and exits in a sector that is already consolidating, according to industry bankers and analysts.

The White House said the infusion will create tens of thousands of jobs while upgrading the U.S. electric grid. They include building new power lines, adding smart meters to homes, building automated substations to help with blackouts and putting in new transformers to allow utilities to replace units before they fail.

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NOT A SUBSCRIBER? Stimulus funds expected to spur power mergers Posted on October 30, 2009 5:33 PM President Obama's Oct. 27 announcement that the government would spend $3.4 billion to support projects aimed at modernizing the country's power grid will spur M&A and private equity investment and exits in a sector that is already consolidating, according to industry bankers and analysts. The White House said the infusion will create tens of thousands of jobs while upgrading the U.S. electric grid. They include building new power lines, adding smart meters to homes, building automated substations to help with blackouts and putting in new transformers to allow utilities to replace units before they fail. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 46 in-depth transaction records for CenterPoint 39 in-depth transaction records for Reliant Energy 34 in-depth transaction records for Constellation Energy 25 in-depth transaction records for Sempra Energy 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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