Europe buying US energy companies - Time article

[sandnsea]

So we know a British firm owns Niagara Mohawk, as well as Massachusetts Electric, Narragansett Electric, Granite State Electric, and Nantucket Electric. But there's lots more.

"Enter the Europeans. Last month, in a PricewaterhouseCoopers survey of major utilities in 19 European countries, more than half the larger firms said they plan to expand into North America." ~snip

http://www.time.com/time/globalbusiness/article/0,9171,1101020520-237040-1,00.html

I'm speechless.

On edit:

Oops. Thought I was in GD. Mods move pretty please!!!! :)

[Dirk39]

1. I'm speechless too...

In the german news, reporting about that well known "superpower without power" - hey, they just want to explain to the Iraquis why they can't repair their infrastructure - it was officially been said that Germany is the saftest place in Europe, when it comes to "power outage". If one system falls, another one would replace it. But if deregulation goes further, within 20 years, we could be as messed up as the USA. I can't believe that, they even admit it officially. And the deregulation goes on. Don't expect the situation to improve if European companies are buying U.S. companies. It will just get worse as is will get worse in Europe. Couldn't at least this "accident", the power outage in North-East America, been used to explain to the most stupid ones left, what all these promises about derugulation, the free market and this pest of privatisation is all about. Don't the people get it now??? (They even can't watch Faux-News for two days.
speechless in Germany,
Dirk

P.S. The infrastracture in the USA seems to be so rotten that you really don't need to hijack a plane to do something really evil.