Crunching the numbers

Hawkins, Nigel
October 2008
Utility Week;10/10/2008, Vol. 29 Issue 21, p9
Trade Publication
The article discusses the impact of financial crisis on the utility sector. Irrespective of federal government initiatives, deep concern remains in Europe, with the collapse of Bradford & Bingley, the rush to reverse the struggling HBOS into Lloyds, the dismemberment of Benelux's Fortis bank and the crisis at Germany's Hypo Real Estate. While banking turmoil is almost unprecedented, the energy sector has experienced many of the unattractive features that have brought about this crisis.


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