A Merger of Utilities
This past week we noted the announcement of a merger/acquisition involving Nicor (#1536 on the Global 5000) and AGL Resources (#1839). These are not that common in that many utility companies are either state / government owned or quasi-government. We have 120 Utility companies in the Global 5000 representing approximately $1.4 trillion in revenue. The […]
Merger of Utilities
Northeast Utilities and NSTAR announced they are combining forces. These are two big utility companies. Northeast is #1231 on the Global 5000 list and NSTAR is ranked #1672. Combined, they will be in the top 1000 companies in the world. Utilities did not escape the economic downturn — and in fact, coming off robust growth […]