Risk Staff
Follow Risk
Articles by Risk Staff
The matrix
Abstract: Portfolio-wide risk management requires a model that accounts correctlyfor the volatility of, and the correlations between electricity forward products.In this paper Kjersti Aas and KjetilK°aresen discuss a joint model for electricityforward…
Crude protection
Oil producers are divided over the value of hedging oil prices. Are investorslooking for high returns and high risk, or more stable revenues? And how muchdoes hedging actually boost an oil producer’s value? By Joe Marsh
European companies outline concerns over emissions trading
Corporates are expressing concern at the ramifications of the European UnionEmissions Trading Scheme – just as EU member states finalise their nationalallocation plans. By Paul Lyon
Louise Kitchen
Growth potential is what makes Louise Kitchen tick, and she relishes the chanceto build up UBS’s energy trading team. By James Ockenden
US refinancings suggest recovery
Do several big debt refinancings at US utilities mean energy companies are finally starting to emerge from their post-Enron and post-California crisis problems? Joe Marsh reports
Taking stock
Stock options are losing favour as a method of remuneration. Chicago-based PeoplesEnergy, for one, is to stop offering them altogether. And the onset of new USaccounting rules could well lead others to follow suit. By Paul Lyon
Deutsche asks SEC to clarify guidelines
Deutsche Bank claims the SEC’s guidelines for estimating oil reserves are outdated. And Shell, unsurprisingly,also believes that the SEC should clarify its reserve rules. By Joe Marsh
Erasing Enron
Enron’s story may finally be drawing to a close. Jeffrey Skilling has finally been indicted and the company’s creditors have begun receiving ballots to vote on a plan of reorganisation. By Paul Lyon
Statoil and Alex Kvaerner swap chief executives
Helge Lund has joined Norwegian energy company Statoil as chief executive, replacing acting CEO Inge Hansen. Hansen replaces Lund as CEO of one of three divisions of newly restructured Norwegian industrial group Aker Kvaerner.
RMS releases updated Climetrix weather trading system
Risk Management Solutions (RMS), a California-based provider of products and services for the management of natural hazard risk, today released version 4.0 of its Climetrix weather derivatives trading and risk management system.
Welcome to the Energy Risk awards 2004
The fourth annual Energy Risk awards recognise excellence and innovation in the field of risk management. And to mark the ever-changing face of the industry, Energy Risk has added three new awards this year.
WRMA rebukes NAIC white paper
The Washington DC-based Weather Risk Management Association (WRMA), has issued a formal response to a draft white paper written by the US National Association of Insurance Commissioners (NAIC). In its report, the NAIC claimed that weather derivatives are…
Repeal repercussions
Opinions are divided over the possible repeal of the Public Utility Holding CompanyAct. All agree that the environment for investor-owned electric utilities woulddramatically change if the repeal were to go ahead. By Paul Lyon
Old dog, new teeth?
If the North American Electric Reliability Council does not receive federal backing,as proposed in the present US energy bill, Ferc may set its own mandatory gridrules – an unpopular scenario, finds Joe Marsh
New entrant set to supply gas in UK
A new natural gas marketer, HydroWingas, received European Commission approval in early February to supply gas in the UK. The 50-50 joint venture between Norwegian energy, aluminium and chemicals group Norsk Hydro and German gas company Wingas says it…
Canadian pension fund buys US plants
A new natural gas marketer, HydroWingas, received European Commission approval in early February to supply gas in the UK. The 50-50 joint venture between Norwegian energy, aluminium and chemicals group Norsk Hydro and German gas company Wingas says it…
Bush urges TVA to modify debt estimates
The Bush administration last month said it intends to propose legislation that will require the Tennessee Valley Authority (TVA), the largest public power producer in the US, to count its lease-leaseback deals as debt.