June 2008

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Given skyrocketing demand for electricity, the focus is on increased generation, transmission and distribution capacity rather than on mergers and acquisitions (M&A) or strategic structuring moves, reports the 10th annual Utilities Global Survey by PricewaterhouseCoopers of 118 utilities in 37 countries. But utility executives also think that federal legislation in the U.S. limiting carbon emissions will be the biggest change affecting the industry in the next five years, along with an overall increase in regulation. For the second year in a row, encouragement of renewable energy topped the list of key developments respondents in every part of the world expect to see in their power markets, according to the 92-page report. And the focus on cleaner power and the associated concerns of emission regulation and energy efficiency top the agenda in every major power market (the Americas, Europe and Asia Pacific.

Contact: Abbey Korthals, Porter Novelli, 512/241-2240, abbey.korthals@porternovelli.com.