Energy Risk
LCH Clearnet launches OTC clearing for UK gas and power
London-based clearing house LCH Clearnet today launched its new clearing service for over-the-counter (OTC) contracts for UK national balancing point natural gas and UK peak and baseload power contracts.
ABN continues BNP raid
ABN Amro has hired five senior energy derivatives executives, two of whom join from BNP Paribas. The move comes just three months after the Dutch bank poached Wayne Harburn and Vincent Chevance from French rival BNP. The pair now serve as global head of…
User Choice winners revealed
Energy Risk's first User Choice Awards have been a tremendous success, with over 450 valid votes showing which vendors and data providers are the preferred suppliers to the energy industry in 2004.
EnergyCurves to market North American energy data
Four energy brokers have formed a Houston-based company called EnergyCurves to provide North American power and gas data services to the energy markets. The initial EnergyCurves products will be forward price curves for the North American gas and power…
Nymex and Shanghai Futures Exchange look to work together
The New York Mercantile Exchange (Nymex) and the Shanghai Futures Exchange (SHFE) have signed a memorandum of understanding to explore potential areas of cooperation which they say could mutually benefit the memberships of both exchanges.
Alliant to sell utility businesses
Wisconsin-based Alliant Energy Corp says it intends to sell its two utility businesses in Illinois because of the challenge of operating them in a cost-effective manner.
RWE Trading names Senior replacement
Brian Senior, Swindon-based managing director and head of UK energy at RWE Trading, will step down at the end of the year, and Peter Kreuzberg, head of risk management at parent company RWE, will replace him.
Bright future for weather derivatives, finds survey
Energy Risk has completed its inaugural weather derivatives survey and the results show that traders appear to be confident about the state of their business, despite high profile exits from the industry in recent years.
Teco Energy joins Chicago Climate Exchange
Florida-based Teco Energy has become a member of the Chicago Climate Exchange (CCX), a voluntary market for reducing and trading greenhouse gas (GHG) emissions.
Samantha Unger
Weather risk
Huberator’s hopes
Weather risk
All systems go
Weather risk
Dealings in diesel
Weather risk
Putin’s endgame
Weather risk
Looking to the east
Weather risk
Calpine sets up $250m credit facility
California power company Calpine has entered into a $250 million letter of credit facility with Deutsche Bank, which expires in October 2005. The San José-based company expects this new credit enhancement structure to widen its spark spreads and increase…
Former Enron executive pleads guilty
John Forney, a former Enron executive, yesterday pleaded guilty toone count of conspiracy to commit wire fraud for the purpose of manipulatingCalifornia's electricity market during the 2000-2001 Westernenergy crisis, the US Attorney's Office for the…
Allegheny sells West Virginia gas ops for $228m
Monongahela Power Company, a subsidiary of Pennsylvania-based Allegheny Energy, is to sell its natural gas operations in West Virginia for $141 million in cash and $87 million in assumed long-term debt to a private investment partnership.
PSEG sets up weather desk
New Jersey-based utility Public Service Enterprise Group (PSEG) has established a weather derivatives desk. The desk is headed by Roman Kosecki.
Raining information
Weather risk
Accepting responsibility
Weather risk
Weather wrap-up
Weather risk
Following the trend
Weather risk
Singing in the rain
Weather risk