International Power plc (IPR, IPR.L) in its interim management statement said it now expects 2009 EPS to be broadly in line with 2008, and free cash flow to be significantly ahead of last year.
The company said that the US merchant markets remain challenging due to weak gas prices and lower demand. As a result, in Texas the company now expects 2009 spreads and load factors to be marginally down on the guidance given at its Interim Results on 11 August 2009. However, expected 2009 spreads and load factors in New England remain in line with the company's previous guidance.
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