Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

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
  • 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.
Read commentshttp://seekingalpha.com/news/1779113-reported-bid-for-duke-energys-midwest-power-plants-could-hit-2_5b?uprof=46

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