Outlook negative for merchants, independent power producers: S&P
Washington (Platts)
The 2012 outlook for US merchant and independent power producers is negative, according to a new analysis by Standard & Poor’s Ratings Service that pointed to a continued weak economy, low natural gas prices and no significant coal plant retirements until 2014.
“We expect significant headwinds for the merchant sector in 2012 due to continuing downward bias on commodity prices. We think demand will remain subdued, and the capital markets could become less accessible to these issuers due to prospects of a…