Independent Power Producers & Energy Traders
Case studies in independent power producers & energy traders.
The AES Corporation: Capital Allocation During a Pending Take-Private
On the evening of August 5, 2026, AES Corporation faced a portfolio decision under unusual constraints. The company had signed a $15-per-share agreement to be acquired by a consortium led by Global Infrastructure Partners and EQT. Shareholders had approved the transaction, and the HSR waiting period had expired, but other regulatory approvals and closing conditions remained. Read case
Vistra: Turning Power Demand into Durable Returns?
This case is a fictional outside-investor exercise based on public information available by the cutoff. It does not describe an undisclosed Vistra management meeting or decision. Read case