Privatization woes hit the UK

Article Abstract:

The privatization of UK's electric utilities has failed to promote competition among the players in the country's energy market. Instead, the deregulation of UK's electric utility industry is tarnished by a substantial drop in futures prices and by a growing number of pricing complaints.

United Kingdom

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Reality check

Article Abstract:

The deregulation and entry of competition in the electric power generation market is not as advantageous as imagined by its advocates. The US electric network lacks a unified power grid and hidden costs due to delivery of power through long distances make it inadvisable.

Cover Story

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New owners issue bond, chase bankers out of powerplant

Article Abstract:

Nigen Ltd. of Belfast, North Ireland, has replaced its bank loans with a $320-million bond offering. The financial scheme freed the engineers running the company's Kilroot power plant from bank control and supervision.

Finance, Nigen Ltd.

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