Dive Brief:

• Merchant generators face pressure from the likely continuation of relatively low power and gas prices, coupled with rising environmental costs and tepid sales growth because of energy efficiency and renewable generation, Fitch Ratings said Tuesday.
• The bankruptcy court approval last week of Edison Mission's plan of reorganization is a positive development for Edison International's creditworthiness, Fitch said. Under the restructuring plan, most Edison Mission's assets will be sold to NRG Energy by early April.

Dive Insight:

The outlook for merchant generators looks gloomy. The largest merchant power companies include NRG, Exelon and Calpine. Exelon recently said it may close some of its nuclear fleet. NRG, on the other hand, appears to be moving full steam ahead.