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PM Edition: JP Morgan led in advising utility M&A; Exxon in divestiture talks

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Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals

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Smart thermostats gain traction in US, point to modest electricity savings

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The Future of Risk Management Digitization in Credit Risk Management

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Insight Weekly: Banks pursue deals; offshore wind transmission; UK broadcasters vs. streamers


PM Edition: JP Morgan led in advising utility M&A; Exxon in divestiture talks

Top News

J.P. Morgan, RBC Capital Markets are top 2019 utility M&A advisers

J.P. Morgan Securities LLC was the top financial adviser for utility M&A in terms of total transaction amount in 2019, while RBC Capital Markets LLC advised on the most M&A deals in the sector, according to data from S&P Global Market Intelligence. Market Intelligence also released third-quarter capital markets league tables for the utility and oil and gas sectors.

Exxon eyes Equatorial Guinea assets as part of $25B divestment plan

Exxon Mobil Corp. is in early discussions to sell assets in the African country after kicking off its wider divestiture plan in September to high grade its portfolio and shed aging, noncore assets to focus on investments in more prolific production areas around the world.

US energy companies tap debt markets amid Middle East geopolitical uncertainty

A Jan. 2 U.S. airstrike in Baghdad provided North American oil and gas companies with a brief window for opportunistic debt offerings to start out 2020, a number of energy industry credit analysts said.

Other energy headlines

* S&P Global Market Intelligence data show that 19,716 MW of U.S. power generation capacity was retired in 2019, 16.7% higher than the 16,900 MW shuttered permanently in 2018.

* Ontario officials recalled a message warning people about an incident at the 3,100-MW Pickering nuclear station east of Toronto.

* German conglomerate Siemens AG will not pull out of a contract to help Adani Enterprises Ltd. develop the contentious Carmichael coal mine in Queensland, Australia, amid protests from climate activists.

ChartWatch

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December 2019 hydropower output in the Pacific Northwest remained below the year-ago level and the 10-year average as drier-than-normal conditions prevailed in the region.

Research and data

* RRA Regulatory Focus: Colo. judge issues recommended decision for Black Hills' gas operations

* RRA Regulatory Focus: Parties reach agreement in Rockland Electric rate case

Top pick of the day

US power generators set for another big year in coal plant closures in 2020

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