Lynch

Merrill Lynch analyst Sam Brothwell believes the last four major pipeline company sales indicate that the market for pipeline assets is “likely peaking here” at nine or 10 times earnings before interest taxes depreciation and amortization (9X or 10X EBITDA) and should drift back to more normal levels of about 8X EBITDA over time.

Merrill Lynch analyst Sam Brothwell believes the last four major pipeline company sales indicate that the market for pipeline assets is “likely peaking here” at nine or 10 times earnings before interest taxes depreciation and amortization (9X or 10X EBITDA) and should drift back to more normal levels of about 8X EBITDA over time.

A former Enron Corp. accountant and a former Merrill Lynch & Co. vice president on Wednesday became the latest individuals to face criminal charges in connection with a sham sale in 1999 of some Nigerian power generation barges.

A former Enron Corp. accountant and a former Merrill Lynch & Co. vice president on Wednesday became the latest individuals to face criminal charges in connection with a sham sale in 1999 of some Nigerian power generation barges.

Retail choice of power suppliers, a lynch pin of California’s unfulfilled electric industry restructuring, received a renewed boost from California state lawmakers last month with at least two bills submitted in the Assembly aimed at reinvigorating so-called “direct access” options.

The impact of Enron’s tailspin on the energy industry has been more severe than expected, Merrill Lynch analyst Carl Kirst said in a research note reviewing the investor exodus from merchant energy stocks this week — prior to Wednesday’s small rebounds.