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Article: The Temperature Rises.(master limited partnerships forecast)
- Article from:
- Investment Dealers' Digest
- Article date:
- January 31, 2005
- Author:
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Talk about turning up the heat. Sky-high energy prices, low interest rates and an industry still reeling from the excesses of the late '90s: It's the perfect storm for private equity players, who spent billions of dollars last year to snap up everything from pipelines and storage terminals to the power generation plants owned by utilities.
Now, however, the deals are getting pricey. After outpacing the broader markets for six of the last 10 years, there are questions whether some of these investments, in the form of master limited partnerships (MLPs), have already peaked. In the regulated power industry, trouble is already brewing. One big utility deal-Kohlberg ...