Though electric utility takeout multiples have been depressed, a Wall Street investment banker anticipates a rebound. The banker said integrated utility companies, such as water/gas or gas/electric providers have been taken out between nine and 10 times EBITDA, while straight electric utility players have been snatched up for between 7.5 and eight times EBITDA. He said the warmer winter season and sluggish economy contributed to the dampening of takeout multiples, which he predicted could rise to more than nine times EBITDA by the end of next year.
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