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New act sparks merger talk in electric industry; Will FirstEnergy be hunter or hunted?
Crain's Cleveland Business, January, 2006
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Byline: JAY MILLER The electric utility industry is on the brink of a new era of mergers and acquisitions, and Akron's FirstEnergy Corp. is likely to be a player. The only question appears to be whether it will be a buyer or a seller. Next month, the Public Utilities Holding Company Act will be wiped off the books by the Energy Policy Act of 2005.
The old act, which dates to the New Deal era, restricted the extent of empire building by electric and gas companies. Because of that act, the electric utility business is still highly fragmented. The Harvard Electricity Power ...
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