Platts 2017: Reporter's Notebook
Apr 28, 2017
- Power Finance & Risk
The 32nd annual Platts Global Power Markets Conference took place at the Wynn Las Vegas from April 24 to April 26. PFR's managing editor Olivia Feld and reporter Fotios Tsarouhis were in attendance.
- Discussing the fate of the Clean Power Plan, David Crane, senior operating executive at Pegasus Capital Advisors, spoke of a meeting that took place at the White House between “the pro-Paris faction, which is led by [U.S. Secretary of State Rex] Tillerson, against the Breitbart fascists—uh, faction.” Crane went on to refer to the comment as a Freudian slip.
- “Thank you for inviting me to be the regulated utility sacrificial lamb,” Matt Palasek, director, corporate development, at Duke Energy quipped to moderator Jeremy Fago of PwC at an M&A-focused panel on April 25. Panelists at an executive roundtable earlier in the day—including Crane—had taken aim at utilities, which were not represented onstage at the time (PFR, 4/25).
- “Five years from now, 10 years from now, there will be coal plants still out there,” said Patrick Worrall, senior v.p. at Extol Energy, speaking on the same M&A panel. Worrall noted that “people refer to buggy manufacturers” as a metaphor for companies that own coal-fired assets. “I did actually google ‘buggy manufacturers’ and there are two in the United States. They did not appear to be subsidized."
- Standing out among the swag that appeared on stands in the conference hall were the avocado peelers gifted to attendees by BNY Mellon.