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http://www.wallstreetoasis.com/forums/good-answers-for-why-power-utilit…
see wookie102's answer.
best of luck
Thank you that is perfect.
models are very quant-heavy (heat rate, capacity, CFADS, etc), which is looked upon favorably by PE and H funds
since most of the activity in the space is around asset sales/purchases, you get a ton of M&A experience. The downside though is that the strategic scenarios are fairly consistent and not as diverse as they would otherwise be in groups like TMT and Healthcare (M&A, debt offering, IPO, etc)
you deal with a ton of different buyers: PE / infra funds / strategics like Dynegy, Exelon, Duke, etc etc etc. You learn how the same asset is pitched to different buyers based on the toll/PPA structure and the implied returns
if you're going to a top power group (Barc / MS / maybe JP), since there are considerably fewer potential clients, and since you're in a leading position in the space, you pitch MUCH less (cost of entry is higher for new advisors). Citi, for instance, pitches a ton. The downside again is that most of the deals you're on are similar (asset sales).
That's all I got. The rest should be based on group fit / lifestyle (hopefully, there's some "life").
Good answers for why power & utilities? (Originally Posted: 11/16/2012)
Thanks
Yes
Yes
Thomas Edison is your idol.
Cuz you fuckin love being able to work in excel until 4 am when all natural sunlight has long since passed. hell, you couldn't even use excel if it wasn't for dem 'lectricity boys.
I would talk about a deal in the industry and why you find it interesting (the Duke and Progress merger comes to mind).
cuz its fucking tangible and awesome and key to society and all yo
cuz it makes biddies wet
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