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PwC: M&A decreases over power, utilities industry in 1Q of 2014

Mergers and acquisitions (M&A) throughout the North American power and utilities industry decreased on a volume basis in the first quarter of 2014 compared to the same period in 2013.

According to PwC’s US report, North American Power & Utilities Deals: Q1 2014, smaller transactions drove volume during the first quarter, totaling $4.4 billion in the quarter, up from $3.0 billion compared to last year.

Seven power and utilities transactions were greater than $50 million in the first quarter of 2014, compared to nine during the first quarter of 2013 and 14 in the fourth quarter of 2013.

“During the first quarter we saw a range of deal activity spanning the industry landscape, including regulated utility, power generation, and retail deals. As we’ve previously highlighted, hybrid utilities have continued to evaluate their portfolios and the potential for bringing their merchant assets to market,” said Jeremy Fago, PwC’s U.S. power & utilities deals leader. “While we saw a decline in deal volume and value this quarter when compared to the previous quarter, we expect the deal environment to pick up through a combination of regulated and merchant transactions.”

To read the full report, click here.

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