EIA notes utility merger trend

01/31/2000
The US Energy Information Administration has reported that many investor-owned electric utilities (IOUs) have merged with other utilities to improve their positions in the new, more competitive electric power industry.It said, over the past 3 years, IOUs have completed 22 mergers. By the end of 2000, another 25 pending mergers are likely to be completed."One consequence of this trend is the increasing concentration of power plant ownership. By the end of 2000, the 10 largest IOUs will own approximately 51% of all IOU-owned power production capacity [up from 36% in 1992], and the 20 largest IOUs will own approximately 73% [up from about 56% in 1992]."EIA said many electric utilities are co...
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