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The once sleepy electric power industry, formerly known in the investment community for safety and predictable dividends, has become restructuring's new stepchild. Today, utilities are facing defaults under existing bank credit agreements or bond indentures, and are entering into onerous restructuring arrangements and leveraging utility assets. Energy deregulation, an effort to offer choice and create diversity, has elevated the financial and market risk borne by regulated utilities.
August 18, 2003 at 12:00 AM
1 minute read
Presented by BigVoodoo
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The premier educational and networking event for employee benefits brokers and agents.
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS