Jan 18, 2013
- Holly Fletcher
Ameren Energy Generating Co. is being tipped for a restructuring process as parent Ameren looks to exit the merchant business. Since Ameren announced it wanted to leave merchant generation in late December, the $825 million in senior unsecured notes at GenCo have slid nearly 40% from par to the low 60s, observers say.
In the announcement last month, Ameren did not specify how it would exit and there was speculation there would be a sale of some or all of its generation assets similar to the auctions of facilities under PPL Montana and Dominion (PI, 1/11).
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