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On another Planet?
01 May 2001
Orion is doing what it was made for ? capitalizing on a deregulating industry through unprecedented growth despite Californian fall-out. Scott Helm. CFO, Orion Power Holdings' talks continued
expansion plans with Taimur Ahmad.
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?Financing has never been a constraint on our growth rate and we
don't expect it to be,? claims Scott Helm, Orion Power's CFO. The
success of the past year's energetic shopping spree ? in which
Orion smoothly sourced some $1.7 billion in project debt ? bears
witness to this. And now, despite a well-entrenched operating
platform, the company is still ferociously pursing growth, spurred
on by sizeable returns from capitalizing on a restructuring (albeit
gradually) power industry.
Helm carves out Orion's particular growth strategy thus: ?We
formed because we had a view that deregulation would create
opportunities to grow a sizeable pure play power generation company
with meaningful value for shareholders. But our growth strategy has
not been predicated on simply growing to be big ? we care about
economies of scale that come with size.?
That growth has also been based on a carefully formulated
?locational approach? ? the principle that...
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