Public Utilities Reports  PUR Guide 2012 Fully Updated Version
Available NOW! PUR Guide   Order Now  Why Aren't Distressed
Assets Selling  Fortnightly Magazine - May 15 2003   When it
comes to the current climate for generation asset sales, a wide
bid/ask spread has developed between the buyers' offer prices
and sellers' target sales prices. We have dubbed this bid/ask
spread the "distressed asset gap." Sellers are looking to
maximize the liquidity generated from asset disposals, while
opportunistic buyers are looking to capitalize on industry
dislocation to acquire assets for a fraction of their original
build or financing costs. Until this gap closes, transactions
will not be widespread.  To gain an understanding of why there
have been few sales or purchases of distressed assets, it is
important to understand the perspective of each of the parties
involved in this process and how the distressed asset gap was
created.   Despite highly leveraged balance sheets and poor
liquidity positions, many independent p