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Nuclear War: Inside the Takeover Battle For America's Electricity
Oleh:
Whitford, David
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 160 no. 2 (Jul. 2009)
,
page 122.
Topik:
Electricity
;
NRG Energy
;
David Crane
;
Exelon Corp.
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.40
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
David Crane, CEO of NRG Energy and a father of five, was standing in a stubby cornfield in Bucks County, Pa., one windy evening last October when his BlackBerry began to stir. He checked his in-box, but he didn't respond, not right away. It was Sunday night, and he was on an outing with his family, waiting in line for a Halloween hayride. Nor did he respond an hour later on his way to the Amtrak station to catch a train to Washington, D.C. How could he, when he drives a Mini Cooper with a stick shift? You need both hands to manage a car like that. So it wasn't until after nine at night, having found a quiet corner of the waiting room behind a Dunkin' Donuts kiosk, that Crane finally got around to calling back John Rowe. Rowe, CEO of Exelon Corp. (EXC, Fortune 500), picked up Crane's call at his big-windowed aerie in Chicago's Chase Tower, 54 stories above the Loop. Rowe told Crane that his board had met that afternoon, and he had some news: Exelon, the country's biggest electric utility, was hereby offering to buy NRG (NRG, Fortune 500), the country's fastest-growing independent electricity merchant -- it sells wholesale power to utilities -- for stock in a deal worth $6.2 billion. Term sheet to follow, press release within the hour. "Offer" was a euphemism; this was a hostile act.
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