Quote:
Originally Posted by CaptainYooh
Surprised not to see the thread on this yet. Warren Buffett's Berkshire Hathaway is buying AltaLink from SNC Lavalin for $3.2B. This is huge deal and a massive valuation for a utility transmission company that makes its income from a Government-regulated fixed rate of return on its assets. Also, the deal separates AltaLink from SNC Lavalin that's been tainted really bad by the recent bribery scandal.
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Um.. I thought the whole deregulation of the electric power industry meant that it is no long government regulated... It is just your average monopoly situation.
(Thank you Ralph Klein)