Mergers and acquisitions are changing the business landscape of the utility industry. While each merger is based on a unique set of facts and circumstances, we can also learn from the broader trends underlying the drive toward consolidation in the industry. As is evidenced in the chart below, the number of investor-owned utilities has declined by more than 50%, and the pace has not slowed. This is the first in a series of articles where we will explore recent trends in utility mergers.
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