El Paso looks to simplification
El Paso has effectively exited the wholesale power trading market by selling the majority of its power trading portfolio.
Morgan Stanley Capital Group bought the bulk of the portfolio from the El Paso Marketing subsidiary for $442 million.
As a result of the sale, El Paso Marketing's power deal count is reduced from 921 deals to 104. Its credit exposure is reduced from 24 counterparties to two.
"This transaction will eliminate market risk for most of our power positions and further simplify our
More on Financing
Deal of the year: Intersect Power
Energy Risk Awards 2025: Clean energy company secures significant BESS financing amid market volatility
Innovation of the year – Project: Tramontana
Energy Risk Awards 2025: Finance specialist develops transformational agroforestry project
Sustainable finance house of the year: Bank of America
Energy Risk Awards 2025: Bank furthers commitment to sustainability with large-scale transactions that showcase innovation, ingenuity and vision
Supply chain decoupling fires up alpha focus at BofA
Talking Heads: Stock dispersion sees funds gross up on long/short baskets, while US structured notes come of age
Sustainable bond markets miss an options trick
A derivatives mindset could boost lagging sustainability-linked market, argues climate think-tank
UBS precious metals team shines amid market turmoil
Global uncertainty always adds allure to precious metals, putting a premium on the long-standing relationships and cutting-edge technology of the UBS precious metals team
A global solution to market developments
Sponsored content
