The energy merchant sector could see several more years of low wholesale prices, which in turn will complicate their ability to refinance upcoming debt maturities at their regulated utilities, according to a new report by Standard & Poor’s Ratings Services (S&P).
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S&P: ‘Worst Time’ for Energy Merchants to Refinance, Several Face Problems
The energy merchant sector could see several more years of low wholesale prices, which in turn will complicate their ability to refinance upcoming debt maturities at their regulated utilities, according to a new report by Standard & Poor’s Ratings Services (S&P).
Calpine to Build 1,100 MW in Northern California
With electricity woes in California continuing to grow inseverity, Calpine Corp. is in the process of easing the strain inthe long term as it considers plans to develop and operate an 1,100MW natural gas-fired electric generating facility in AlamedaCounty, CA.
Calpine to Build 1,100 MW in Northern California
With electricity woes in California continuing to grow inseverity, Calpine Corp. is in the process of easing the strain inthe long term as it considers plans to develop and operate an 1,100MW natural gas-fired electric generating facility in AlamedaCounty, CA.
Majors’ 2Q Earnings Show Strain From Oil Prices
Weak oil prices were the bane of three major producers reportingsecond quarter earnings so far. Depressed crude prices were blamedfor second quarter and 1998 first half results significantly offfrom year-ago periods. At least one company said it may refigureE&P expenditures should the low prices persist. Gas prices alsowere off in most cases but less so than oil.