MMC Energy is looking to sell assets or the company outright, or alternatively take an equity infusion partly due to the inability to access the capital markets. According to the IPP’s third quarter earnings statement released yesterday, “We have entered into discussions with certain third parties interested in either acquiring certain of our assets or partnering with us on the development of our upgrade projects.” Merriman Curhan Ford & Co. is financial advisor for the sale.
November 14, 2008