The beginning of 2005 saw the electric power industry firmly on the road to recovery with the S&P Utilities Index up almost 18 percent--more than twice the S&P 500. The proposed Exelon-PSEG merger is another sign of renewed industry confidence and the process of rationalizing the industry for the next stage of the power business cycle.
What’s ahead in this ‘next stage’ for the industry? This Briefing Report highlights five trends that will influence tomorrow’s marketplace.
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2004 Electric Utility Returns by Segment
