- Blackstone Group (BX) and Riverstone Holdings have teamed up to bid on Duke Energy's (DUK) portfolio of 11 power plants in the Midwest, which could fetch ~$2.5B, WSJ reports.
- Energy-focused P-E firms Energy Investors Funds and Energy Capital Partners also reportedly submitted bids.
- Potential buyers are betting the business is positioned to benefit from a recovery in electricity prices, which have been driven down in part by the shale boom that has lowered the cost of natural gas.
Michele Kearney's Nuclear Wire - Major Energy and Environmental News and Commentary affecting the Nuclear Industry. Nuclear Activities
Friday, May 30, 2014
Reported bid for Duke Energy's Midwest power plants could hit $2.5B
Reported bid for Duke Energy's Midwest power plants could hit $2.5B • 6:33 PM
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