Price: $ 1295 
BMI View: The dynamics governing the US power market continue to be driven by the country's shale gas boom, with gas prices likely to continue to determine the composition of the energy mix. While gas remains incredibly cheap, the utilities that operate existing coal-fired and nuclear capacity will see such forms of electricity generation subject to increased scrutiny. Indeed, with the profitability of both forms of generation thrown into doubt (relative to gas), major utilities have been announcing plans to mothball uncompetitive thermal capacity and French utility EDF has even decided to exit the US nuclear sector altogether. Meanwhile, with electricity demand likely to remain lacklustre and the Obama administration pushing to implement environmental legislation that will penalise polluting coal ...
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