Read the full Bloomberg article here.
Matt Mooren, an energy markets expert at PA Consulting Group, discusses M&A activity in the utility sector.
The article notes that the industry saw $68.2 billion of acquisitions in 2017, the most in a decade, according to data compiled by Bloomberg.
Matt says: “It’s difficult to have a publicly traded, independent-power producer because of the focus on short-term earnings from a Wall Street point of view.”
He adds: “With low gas prices and renewables entering the market, that has made the earnings environment a bit more difficult.”