Spectra

The past year saw an astonishing number of mergers, acquisitions, and business reconfigurations of electricity and energy companies, without any obvious organizing theory. Is it possible to make sense of the activity, or is it just business Brownian motion—aka, random behavior?  Gas companies spun off power generating assets. Power companies sold offshore businesses. Independent generators […]

For several years, states in the northeastern U.S. have been in the midst of a major shift away from coal and nuclear power toward natural gas. As aging coal plants shut down on environmental concerns, and several of the region’s nuclear plants have been prematurely retired or faced with challenging economics, developers of natural gas–fired […]

A merger proposed between Canadian firm Enbridge and Houston-based Spectra Energy Corp. could create the largest energy infrastructure company in North America. The companies announced on September 6 that they have entered into a definitive agreement to combine in a stock-for-stock merger transaction that has an enterprise value of $127 billion. The transaction was reportedly […]