Troubled Power Plants Face Uncertain Future

Law360, New York (October 6, 2011, 4:53 PM EDT) -- With natural gas prices depressed and environmental regulations looming, large debt burdens are slashing the value of power plants and threatening a possible wave of closings or bankruptcies for smaller, independent plants, especially those fired by coal, according to experts.

"There has been a sea change in the current and forward price of natural gas," McDermott Will & Emery LLP partner Iskender H. Catto said. "Now the horizon for natural gas looks absolutely flat and these small- to medium-sized enterprises will struggle mightily as their hedges...
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