Why power and utilities?

“Success means having the courage, the determination, and the will to become the person you believe you were meant to be”

SumOne

Senior Orangutan

10y

nontargetPSD92:

//www.wallstreetoasis.com/forums/good-answers...

see wookie102's answer.

best of luck

Thank you that is perfect.

Authored by: Certified Consulting Professional - Associate ConsultantCertified Consulting Pro

bankbanker101

Gorilla

10y

Best Response

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").

Authored by: Certified Equity Research Professional - Summer Associate InternCertified Equity Research Pro

MEvolutionToday

Orangutan

10y

Yes

https://www.wallstreetoasis.com/resources/skills/finance/definitions-of-money

MEvolutionToday

Orangutan

10y

Yes

BTbanker

Almost Human

10y

Thomas Edison is your idol.

snakeplissken

King Kong

10y

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.

Remember, once you're inside you're on your own. Oh, you mean I can't count on you? No. Good!

duffmt6

Almost Human

10y

I would talk about a deal in the industry and why you find it interesting (the Duke and Progress merger comes to mind).

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

wookie102

Gorilla

10y

regulation / deregulation of the energy markets
one of few inelastic markets, you can't really store dispatchable energy
interesting way that rates are determined - rate cases, auctions, capacity markets
role of state governments/commissions, FERC, NRC, NERC, etc.
changing dispatch profile (coal, natural gas, renewables) given what has happened in the midstream space and commodity prices
Read about the TXU LBO. Largest LBO in nominal terms. $8 billion of KKR/TPG/GS equity wiped out due to drop in natural gas prices

Authored by: Certified Private Equity Professional - 1st Year AnalystCertified Private Equity Pro

leveredarb

Neanderthal

10y

cuz its fucking tangible and awesome and key to society and all yo

snakeplissken

King Kong

10y

cuz it makes biddies wet

Remember, once you're inside you're on your own. Oh, you mean I can't count on you? No. Good!

LaNoob

King Kong

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