Bloomberg Quotes Julia Sullivan on Power Generation Market
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Bloomberg News has interviewed Akin Gump energy regulation, markets and enforcement practice co-head Julia Sullivan for its article “Cheap Natural Gas Lures Private Equity to Power Industry” on PE financing for 10 gigawatts of new gas-fired plants in the mid-Atlantic grid over the next five years.
The article notes that power companies have been lobbying for market rules to shore up power prices. Sullivan said, “Traditional utilities are refocusing on regulated service and leaving the riskier generation business to private equity. The generation market, as it becomes increasingly competitive, becomes more and more risky.”
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