EIA: U.S. energy assets attract foreign investment in 1999

The largest foreign acquisition in energy was ScottishPower’s purchase of PacifiCorp, valued at $11 billion. This merger was more than enough to allow the electric power industry to dominate foreign acquisitions of U.S. energy assets for the first time. In 1998 foreign acquisitions of energy assets totaled $57 billion, largely as the result of British Petroleum’s $53 billion merger with Amoco.

THE WOODLANDS, Texas, April 2, 2001–Pantellos, the independent marketplace for the utility and energy services industries, today announced it hosted auctions totaling nearly $100 million over the past month.


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