UTILITIES
the utility has been very cautious about its expansion , ensuring it has a strong base of revenue in order to weather more difficult times . Duke presents a great example of a utility that ’ s expanding internationally in a smart fashion , while keeping its homegrown business booming .
First Utility Britain ’ s largest independent gas and electric supplier First Utility is also looking toward international expansion . The company , which has been around since 2008 , has been increasingly successful in the U . K ., but not wishes to take its services to neighboring European countries . Specifically , the group is looking toward Germany , the Netherlands , Belgium , and North America as possible areas for future international expansion .
However , in order to do that , they need the funds .
“ There are things we are interested in doing like taking our business model beyond the UK . Raising some capital to do that might be something we ’ ll consider in future ,” Chief Executive Ian McCaig said in a telephone interview with Reuters .
Enel ’ s Salt Wells geothermal plant in Fallon , Nevada . The utilities ’ operations span 40 countries
They have several options for raising the capital for international expansion , including putting the company on the open market in the form of an IPO .
While these plans are not finalized , the company certainly knows what it ’ s looking for in terms of somewhere to expand to .
“ We are looking at markets where there ’ s a deregulated environment coupled with a low level of price control intervention from the state ,” McCaig said .
12 November 2014