Energy Risk
Future imperfect
Hedging physical deals with derivatives may be active risk management, but if the physical contract is breached, it can result in unnecessary losses. Andrew Meads looks at whether the innocent party can recover these losses
Western congestion
Despite huge strides to improve power transmission efficiency in California since 2001, the region is still flagged a 'critical congestion area' by the US Department of Energy. Neil O'Hara looks at the state of play
GE Energy to auction extra capacity
GE Energy Financial Services has announced its plan to auction the extra capacity created by a project it says will bolster the constrained electricity transmission grid serving New York City.
Gas pipeline sparks negative UK prices
UK gas prices fell to below zero last month, during the testing of a new pipeline. Now the pipeline is open, does more chaos ensue?
Duke names spin-off
Duke Energy has announced that its existing natural gas business will be called Spectra Energy Corp when the operation becomes a stand-alone, publicly traded company, targeted for Jan. 1, 2007.