S&P Global Market Intelligence presents the most read stories for the week ended May 17.
1. PJM power prices down 'significantly' in Q1, market design changes questioned
The PJM Interconnection's wholesale power market produced competitive results during the first quarter of 2019, with prices down nearly 40% from the first quarter of 2018 largely due to lower fuel costs, the grid operator's independent market monitor said May 9.
2. As coal talks adaptation, opponents celebrate power plant retirement milestone
As coal buyers and sellers gathered at the Disney Yacht Club in Orlando, Fla., to discuss how an industry in transition can adapt to a changing energy market, the Sierra Club was celebrating a significant milestone: Over 50 coal-fired power plants have announced retirement in the U.S. since the pro-coal Trump administration took control of the White House.
3. More CEOs join ranks of companies lobbying for federal carbon price legislation
The CEOs of a number of companies have announced plans to lobby for federal climate legislation, including an economywide price on carbon.
4. Not 'just a poker game': A look back at the dramatic bidding war for Anadarko
Occidental Petroleum Corp.'s dogged determination to outbid Chevron Corp. for rival oil and gas producer Anadarko Petroleum Corp. was not exceptional in the history of dealmaking, but the way Occidental put together a pair of back-to-back side deals to solidify its winning bid for Anadarko was.
5. Trading at a discount, Appalachian shale gas drillers could make for cheap M&A
With most Appalachian shale gas companies selling at a discount to the value of their assets and now generating free cash flows after two years of wrenching cost cuts, the sector could be priced for buyers.