817, prohibited acquisition of securities and utility assets and other interests prior to approval.
818, related to approval of acquisition of securities and utility assets and other interests.
Private equity companies and banks have been big buyers of water companies and utility assets this year, particularly in Britain.
"Yet today these ratings take little account of utilities' vulnerability to increased water competition, nor do they account for climate change, which is rendering utility assets obsolete".
Citizens of the Colorado college town this week voted to study a plan to buy back their local utility assets from a Minnesota-based mega-utility, Xcel Energy.
Dominic has led gas and power business development in the UK and northern Europe, as well as running power and utility assets at BP industrial sites.
Activity was down to about $90 billion this year from 1999, when a record $120 billion in utility assets changed hands, but investment bankers like Robert Hoglund, an energy industry expert at Salomon Smith Barney, expect it to bounce back to about $100 billion next year.
Public Citizen, Ralph Nader's consumer advocacy group in Washington, warned that the legislation could result in more Enron-style scandals because it would repeal the Public Utility Holding Company Act, which restricts ownership of utility assets to protect them from being drained by speculators.
This chapter addresses the presence of asymmetric risk affecting the value or usefulness of utility assets adversely, how this risk is reflected in capital markets and the measured cost of capital, and possible adjustments needed in regulatory allowances to compensate for it.
Indeed, power and utility assets have been hot commodities recently.
