Power & Utilities

Our Power & Utilities Group is a top ranked investment bank and one of the largest capital providers to companies in the sector across the Americas. We offer comprehensive strategic and financing advice to public and private electric, gas and water utilities, power generators and infrastructure companies.

We calibrate our advice to respond to market conditions and solve clients' near- and long-term goals. Our work in project finance and debt-related financing in the sector has won recognition in the mainstream and trade press.

A top capital provider to utilities and power companies

Mizuho's Power & Utilities team serves a diverse set of regulated and hybrid utilities, independent power producers, dividend-paying growth-oriented utilities ("yieldcos"), renewable-energy and infrastructure companies.

Notable Transactions

  • Exclusive Financial Advisor on NorthWestern Energy’s $15.4 billion merger with Black Hills Corporation (Pending)
  • Exclusive Financial Advisor to Spire Inc. on the $650 million sale of its natural gas storage assets to I Squared Capital
  • Financial Advisor to Stonepeak on its acquisition of Cleco Group LLC from an investor group including Macquarie Asset Management, British Columbia Investment Management Corp. (BCI) and Manulife Investment Management (Pending)
  • Active Bookrunner (Billing & Delivery Agent) on Entergy Corporation’s $1.5 billion 2-part 32NC7 and 30NC10 junior subordinated notes offering
  • Active Bookrunning Manager on Duke Energy’s $2.0 billion mandatory convertible equity units offering

Industry expertise

  • Diversified Utilities
  • Electric Utilities
  • Gas Utilities
  • Water Utilities
  • Power Generators

Latest Insights

PFI Global Energy: Alternative Forms of Project Finance in the Digital Buildout

PFI Global Energy: Alternative Forms of Project Finance in the Digital Buildout

June 30, 2026
Digital Infrastructure Build-Out Full Throttle; Caution Road Curves Ahead

Digital Infrastructure Build-Out Full Throttle; Caution Road Curves Ahead

April 29, 2026
Panel Insights: Rating Agencies' Outlook on Canadian Upstream and Midstream Energy

Panel Insights: Rating Agencies' Outlook on Canadian Upstream and Midstream Energy

April 10, 2026
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