B&b Left Counting Cost After Second Montana Snub

THE ambitions of Babcock & Brown's infrastructure arm to expand into the US have suffered a severe jolt after its revised $2.7 billion bid for Montana energy supplier NorthWestern was rejected by local regulators for a second and final time.

Cold Comfort For Summer Power

Peak electricity forecasts for this summer have been reduced by more than 5 per cent even though winter demand surges have repeatedly broken records for generation and prices during the cold season, analyses by state regulators show.