Energy Risk

Merrill Lynch completes Entergy-Koch takeover

Investment bank Merrill Lynch today completed its acquisition of Entergy-Koch Trading (EKT), a venture of New Orleans-based energy company Entergy Corp and Kansas-based Koch Industries (see Energy Risk , October 2004, p.6).

Nymex to launch two new coal swap futures

The New York Mercantile Exchange (Nymex) will launch two new coal futures contracts – one for eastern coal and one for western coal – on its ClearPort trading platform on October 31.

OGE Energy gets $550m credit line

OGE Energy Corp has arranged two new revolving credit facilities totaling $550 million with a 16-bank group led by Wachovia Securities and JP Morgan Securities. The facilities replace $400 million of existing credit lines due to expire this year.

EEX launches daily CO 2 price index

The European Energy Exchange (EEX) will from today publish a reference price for the trade in CO 2 certificates throughout Europe on each trading day. The move comes in preparation for the European Union emissions trading scheme (ETS), which will start…

Kinder Morgan to buy more refined products terminals

US pipeline operator Kinder Morgan Energy Partners is to buy nine refined-products terminals from Georgia-based Charter Terminal Company and Charter-Triad Terminals for $75 million in cash and assumed liabilities. The deal is expected to close later this…

Duke sells part-built power plant to Nevada Power

The big US energy asset sell-off continued late last week, when Nevada Power Company bought a part-built 1,200 megawatt power plant for $182 million from Duke Energy. North Carolina-based Duke will receive proceeds and tax benefits of $330 million from…

Calpine to provide Newmarket with energy services

Calpine Energy Services (CES), part of California-based power company Calpine Corp, is to provide energy services to Newmarket Services Company. Newmarket is a newly formed subsidiary of New York- and London-based asset acquisition firm MMC Energy and…

Nymex European launch imminent

Nymex aims to launch an open outcry exchange in Europe, most likely initially in Dublin using Nybot’s Finex facilities, according to president James Newsome.

Energising the US

Democratic presidential nominee John Kerry has plans to require the US to generate20% of its electricity from renewable sources. But just how different are Kerry’sand President Bush’s stances on energy policy? By Paul Lyon

Driving up the price

Nowhere has the spiralling cost of petroleum been more acutely felt than in the US, where the car is king. The rise is, of course, directly related to high crude oil prices, pushed ever higher by threats to production arising from worldwide political…

Best laid plans

Growing interest in commodities on all sides mean energy products will be a good bet in 2005. And this has led to the increased popularity of new forms of structured correlation products. By James Ockenden and Joe Marsh

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