In a world where credit is suddenly hard to come by, a lot of projects become difficult to finance. I can hardly think of a greater headache today than trying to fund a multibillion-dollar nuclear power plant.
But there's another way. Existing assets are suddenly available at fire-sale prices, thanks to the market's recent death-defying drop. As a consequence, the power sector is suddenly consolidating at a breakneck pace.
The first match was made between Berkshire Hathaway
Based on statements by FPL Group