Energy Risk
Concerns abound over EC energy package
The EC's third energy package, which recommends that generators and suppliers sell off their transmission assets, has met with resistance from incumbent utilities and raised questions among traders. Oliver Holtaway reports
Bid to close Enron loophole
Legislation aimed at preventing price manipulation and excessive speculation in energy markets has been introduced to the US Senate, writes David Watkins
NRG presents new nuclear proposals
The first license application in 29 years to build a new nuclear plant in the United States has been submitted.
Spectron trades first OTC carbon option settled on CCFE
Energy broker Spectron has brokered the first over-the-counter carbon dioxide option settled against the Chicago Climate Futures Exchange (CCFE)
EC energy package meets mixed response
The EC’s third package of EU energy market liberalisation measures has stopped short of insisting on full ownership unbundling of transmission infrastructure from generation and supply assets, and of creating a fully-fledged European energy regulator.
Bid to close Enron loophole
Legislation aimed at preventing price manipulation and excessive speculation in energy markets has been introduced to the US Senate
Lehman bros to build natural gas trading hub
Global investment bank Lehman Brothers and its affiliate, Lehman Brothers Commodity Services (LBCS), is to build a 40 mile-long natural gas trading hub between Perryville and Delhi in Northeast Louisiana
ICE to acquire Chatham Energy Partners
IntercontinentalExchange (ICE) has agreed to acquire Chatham Energy Partners, a brokerage firm that specialises in structuring and facilitating transactions in the over-the-counter (OTC) markets for energy options
Crude oil futures pass $80
West Texas Intermediate for October delivery closed at $80.09 a barrel in trading on the New York Mercantile Exchange Thursday, driven by continued concern about a report from the US Department of Energy showing that US crude inventory had fallen for the…
Climate Change Capital closes €200 million private equity fund
Climate Change Capital (CCC), an investment banking group dedicated to clean energy investments, has closed its private equity fund at €200 million.
CME to offer clearing for ethanol basis swaps
Chicago Mercantile Exchange (CME) will offer clearing for over-the-counter (OTC) ethanol basis swaps from October 5. The service will offer centralised clearing, including daily mark-to-market margining and reduced counterparty risk, to the biofuels and…
TXU shareholders agree to $45 billion buyout
TXU shareholders have approved a merger agreement with Texas Energy Future Holdings Limited Partnership (TEF), which was formed by a group of investors led by private equity firms Kohlberg Kravis Roberts and Texas Pacific Group.
Mapping out a market
The Australian government will introducea nationwide cap-and-trade emissionstrading scheme by 2011. RoderickBruce examines this emerging market
Gaz de France and Suez agree merger
The boards of French utilities Gaz de France and Suez have reached an agreement to merge. The merger, in negotiation since February 2006, will create the world’s third largest utility company, GDF Suez, with market capitalisation of around €90 billion…
Financial Objects updates op risk solution
Software provider Financial Objects has launched an updated and enhanced operational risk management solution.
Rocks and hard places
Despite the environmental, political and infrastructure challenges faced by US coal, some believe high-sulphur grades could soon be back in fashion. David Watkins investigates
Clean coal : green and lean
With the economic benefits of emissions offsets, clean coal is poised to move from a government-subsidised to a commercially viable industry, as Catherine Lacoursière reports