2020年初，受新冠肺炎疫情影响，电力工业增长幅度降低。随着疫情得到控制，行业整体回暖，且呈现加速上升态势。本报告首先回顾了电力、燃气、水务等公共服务业发展现状。水务及供暖、燃气供应行业系民生刚需行业，并购交易活动较为稳定。电力行业并购主要有传统电力企业重组整合、新能源发电、央企输配电领域大型海外并购等主线。然后对热力、燃气等公共服务业的并购概况进行了分析，梳理了公共服务行业的并购数据。在此基础上，对长源电力收购湖北电力项目、桂东电力收购桥巩能源项目、天富能源收购泽众水务项目、天伦燃气收购汇鑫天然气项目、珠海港收购天杨能源项目这5起重大并购事件进行了介绍，并对中国国家电网收购智利CGE公司这一并购案例进行了详细的分析解读。
This article reviews the development trend of the electric，gas，and water services industry and overviews the mergers and acquisitions transactions in the industry，with summarized transaction statistics provided. This article also describes five impactful mergers and acquisitions in the electric，gas，and water services industry：Changyuan Electric Power Co.，Ltd. acquiring Hubei Electric Power Co.，Ltd.，Guidong Electric Power Co.，Ltd. acquiring Qiaogong Energy Developments Co.，Ltd.，Tianfu Energy Co.，Ltd. acquiring Zezhong Water Resources Co.，Ltd.，Tianlun Gas Holdings Ltd. acquiring Huixin Natural Gas Co.，Ltd.，and Zhuhai Port Co.，Ltd. acquiring Tianyang Energy Technology Development Co.，Ltd.. Another case of State Grid Corporation of China acquiring Chile CGE is analyzed in detail.
