S&P Global Market Intelligence editors' picks for the best stories for the week ended March 22.
1. Analysts see little reason for Exelon, PSEG to spin off generation businesses
Exelon Corp. and Public Service Enterprise Group Inc. are unlikely to sell or spin off their highly valued generation businesses given their importance to earnings growth and uncertainty around carbon regulations, analysts contend.
2. Permian Basin producers turn to private builders for electric infrastructure
Oil and gas companies are turning to alternative providers to meet their growing needs for electric infrastructure in the Permian Basin, building so-called microgrids to serve unprecedented load growth in the West Texas oilfields.
3. Refining, biofuel lobbies 'fighting over a shrinking pie' as vehicles electrify
While electric vehicles pose a long-term threat to U.S. liquid fuel demand, the petroleum and biofuel lobbies are at an impasse when it comes to finding a palatable policy solution that protects liquid fuel's long-term transportation market share.
4. New Cheniere trains gear up as rival projects advance
Cheniere Energy Inc. ramped up operations in the first months of 2019 at the third liquefied natural gas terminal in service in the Lower 48, and as many as three other export ventures could join the facility in what might be a record-setting year for U.S. LNG exports.
5. Miners that dodged met coal-fueled bankruptcy now haunted by reliance on thermal
Major U.S. coal producers that bit the bullet early and filed for bankruptcy a few years ago are now enjoying the benefits of improved coal markets and clean balance sheets, but the companies that avoided that first wave of reorganizations now find themselves particularly stressed by declining domestic demand.