How to assess value drivers in M&A deals

摘要

Companies in the North American electric power sector face an uphill battle in today's electric power wholesale and capital markets. A combination of general economic and industry crises has forced many participants to face difficult decisions to achieve their business and strategic goals until 2005. A key component of any decision to participate successfully in the North American power sector on an ongoing basis is the evaluation, in financial and strategic terms, of electric power generation assets―whether to acquire or divest them. While there has been delay in this decision-making because of a variety of factors, an increased level of activity is expected in the second half of 2003 through 2004 with 90,000―140,000 MW of power projects in play in North American markets.