Shares of power-plant operators rose slightly amid deal intrigue.
Merchant power producer Calpine saw shares rise after The Wall Street Journal reported it was exploring a sale. The Houston company, which owns 80 power plants and has a so-called enterprise value of more than $15 billion, is working with investment bankers at Lazard to sound out possible buyers.
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The change in the lineup of FERC commissioners, court challenges, state support for nuclear plant development and other factors could soon shake up the U.S. nuclear-power outlook, said analysts at brokerage Morgan Stanley, in a research note. "We see growing federal support for existing, at-risk nuclear plants as the most likely upcoming change."
Rob Curran, email@example.com
(END) Dow Jones Newswires
May 10, 2017 17:27 ET (21:27 GMT)