Early August will see the electricity regulator publishing final arrangements for electricity trading in England and Wales. PEi examines the new market structure and what it means for players in the market, both old and new.
UK power generator Power- Gen plc has received government approval for its proposed ٟ.9bn ($3.2bn) takeover of East Midlands Electricity on the condition that it sells two large coal fired power plants.
British Petroleum last month announced a $50bn takeover of Amoco of the USA in a deal which will create an oil major of the size to rival Royal Dutch Shell and Exxon. The move will create a new company, BP-Amoco, with a market capitalization of $110bn and 100 000 employees.
The recently announced merger of BP and Amoco gave the global oil industry a rude awakening last month. The deal catapults the two companies into a new league where more opportunities will be available to them than ever before. So where will they go from here?