RT Journal Article
SR Electronic
T1 The Brave New World of U.S. Power Project Finance
JF The Journal of Structured Finance
FD Institutional Investor Journals
SP 5
OP 13
DO 10.3905/jsf.2001.320238
VO 7
IS 1
A1 Enid L. Veron
A1 Louis D. Iaconetti
YR 2001
UL https://pm-research.com/content/7/1/5.abstract
AB In today's restructured competitive power market, there is no single template for financing a generating plant. To the contrary, project sponsors seeking to enhance reported corporate earnings and shareholder value are practicing very sophisticated financial engineering. On the equity side, they are blending power purchase agreements (PPAs) with tolling and merchant arrangements. On the debt side, they are crafting highly structured financings that often involve miniperms, gencos, bonds, and project lease structures, often in surprising and innovative combinations.