Big4.com Reports on PwC Findings Showing North American Power Deals Declining

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Depressed natural gas prices and slow economic growth two of the reasons.

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Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, PwC reports on the fact that North American Power Deals: Q1 2012, the first quarter industry M&A snapshot by PwC US shows utilities mergers and acquisitions (M&A) activity declined in the first quarter of 2012 for the North American power market.

Changing national environmental proposals, natural gas prices bottoming out at a 10-year low, and the governing process on regulated transactions, as well as a weak economy overall all contributed to the situation. Big4.com notes that the first three months of 2012 saw only five announced deals with values greater than $50 million, totaling $3.4 billion in deal value compared to 14 deals generating a total of $30.3 billion in the first quarter of 2011.

The majority of deals (60 percent) in the first quarter were accounted for by strategic buyers.

John McConomy, PwC’s US power and utilities transaction services leader commented:
“While transactions are still top of mind for power and utilities executives across the country, the industry continued to watch the regulatory approval progress of announced deals,” he said. “The first quarter saw two deals close 11 and 18 months after announcement and one major deal continues to work through the approval process.”

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  •     Kristy Short

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