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Power prices will not recover until at least 2015, says S&P

Oil

Parts of the US will not see power price recoveries until 2015, possibly 2020, yet energy companies are refinancing with a 2006 recovery in mind, says Arleen Spangler, an analyst at rating agency Standard & Poor’s (S&P).

Spangler’s comments come after a report from S&P showed that the totalamount of refinancing needs in the energy merchant sector had significantly decreasedsince reports the firm released in November 2002 and April 2003.

The total amount of refinancing scheduled from 2003 to

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