London, 6 April 2010

Moody's has just released its new comment on refinancing risk for the unregulated power sector.  Companies in No. America discussed in the report include: Allegheny Energy supply, Ameren, Calpine Constellation, Dynegy, Energy Future Holdings, Exelon, Mirant, NRG, PPL, PSEG, and TransAlta, among others.

Challenges that characterized 2009 are likely to continue, and 2010 is looking like a difficult year.

While hedges at several companies were executed in 2006-07 amid healthier margins and more benign markets, they are being replaced with transactions containing more compressed margins and reduced liquidity.

Ends --

Download here:

Attachments:

Unregulated Power

1062 Kb