Energy Risk
Nymex abandons UK exchange
The New York Mercantile Exchange (Nymex) has effectively ended its trading presence in the UK by applying for its subsidiary, Nymex Europe, to be deregistered.
Credit Suisse and NECC forge partnership
Credit and clearing service provider North American Energy Credit and Clearing (NECC) has entered into a joint venture with investment bank Credit Suisse.
Energy dominates Union address
US President George Bush has set out bold plans for renewable energy in his annual State of the Union address, but experts question whether they are realistic.
Energy dominates State of the Union address
US President George Bush has set out bold plans for renewable energy in his annual State of the Union address.
Energy dominates Union address
President George Bush has set out bold plans for renewable energy in his annual State of the Union address.
Goldman Sachs doubles stake in Climate Exchange
Shares in Climate Exchange, the UK-listed company that owns the European Climate Exchange (ECX) and the Chicago Climate Exchange, rose by around 5% after the company disclosed that US investment bank Goldman Sachs has doubled its stake to 19%.
Support grows for Feinstein-Carper bill
The US utility sector has thrown its support behind an aggressive cap-and-trade plan that specifically targets the greenhouse gas emissions of electric utilities.
OpenLink acquires IRM
OpenLink, a provider of cross-asset trading and risk management software solutions, has purchased IRM, an Austrian-based energy solution provider focused on energy asset optimisation and strategic planning.
GE and AES plan GHG offset partnership
Global power company AES and GE Energy Financial Services (GE EFS), a unit of General Electric, are to create a partnership to develop greenhouse gas (GHG) emission reduction projects in the US.
APM gains first owner in western US
ACES Power Marketing (APM), a wholesale energy risk management and transaction execution service company, has gained its first owner in the western US, as it continues to expand its service base in California and the west.
Deal of the year
In this special report, Energy Risk takes a look at some of the most interesting and innovative deals conducted in the energy arena over the last few months
ICE and Nybot merger complete
The merger between electronic energy trading platform IntercontinentalExchange (ICE) and the New York Board of Trade (Nybot) is complete. The soft commodity exchange is now a wholly owned subsidiary of ICE as part of a for-profit, publicly traded…
Austin Energy uses World Energy Exchange for electricity purchase
Austin Energy, a community-owned electric utility and an Austin, Texas city department, has purchased 664.8 million kilowatt hours of on-call electricity supply using the World Energy Exchange.
EC launches new vision for energy policy
The European Commission has today proposed a new energy policy for Europe that focuses on fighting climate change and making Europe’s internal energy market more competitive.
Fimat and Calyon Financial in merger talks
Société Générale and Calyon have entered into exclusive negotiations regarding a possible merger of their brokerage activities, currently carried out by Fimat and Calyon Financial respectively.
Highbridge Capital and Louis Dreyfus Group create partnership
Multi-strategy hedge fund Highbridge Capital Management and the Louis Dreyfus Group, a global commodities business, have joined to form a merchant energy partnership.
New Cargill subsidiary to develop ethanol plants
Newly formed company Emerald Renewable Energy has revealed plans to develop four 100-million gallon per year ethanol plants in the corn-belt area of the Midwestern US.
Allegheny Power proposes Maryland plan
Allegheny Power, the electric delivery subsidiary of investor-owned utility Allegheny Energy, has proposed a rate stabilisation and transition plan for its Maryland residential customers.
Optionable adds new listings
Energy brokerage Optionable is now listing contracts for crude oil, heating oil and gasoline through its Opex trading platform.
Gas storage parking lot full
More US natural gas storage is needed if price spikes are to be alleviated in the coming months experts believe, but construction interest is limited, finds David Watkins
Successful networking
Germany's virtually non-existent gas market has been given a shot in the arm by the country's network regulator, which has banned anti-competitive grid access contracts. Could this be the start of a success story, asks Oliver Holtaway