Rise in electricity and gas deals but value falls. - The latest edition of Power Deals, the annual review by PricewaterhouseCoopers of power sector M&A, shows a 24% increase year on year in worldwide 2008 power deal numbers, up to 954 from 768 in 2007, but a 41% plunge in total deal value, down to US$220bn from its record level of US$373bn in 2007. Only two deals surpassed $10bn in value, compared to nine deals that were above this amount the previous year. PWC says that this development is...