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Industry Top Trends Mid-Year 2020 Update: North American Unregulated Power

Impact has been muted compared to other energy sectors. Especially compared to energy sectors such as oil and gas, midstream, and refining, the impact of COVID-19 and economic recession on independent power producers (IPPs) has been mild. Even in an unprecedented shutdown such as this, it takes time for the energy juggernaut to slow. Having a big balance sheet, operational diversity, and countercyclical retail operations make a significant difference to credit quality.

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