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Mirant bankruptcy is not terminal

Atlanta-based Mirant says its worldwide operations are continuing without interruptionand it will honour all outstanding contracts. The bankruptcy only applies tothe firm’s US and Canadian businesses. Its power generation operationsin the Philippines and the Caribbean remain unaffected.

Analysts say any court proceedings are highly unlikely to liquidate the company’sassets, as those assets – its power plants – only produce value whenthey are operational.

Analysts had been tipping Mirant for

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CRO interview: Brett Humphreys

Brett Humphreys is head of risk management at environmental markets specialist Karbone. He talks to Energy Risk about the challenges of modelling outcomes in unpredictable times and how he’s approaching the risks at the top of his risk register

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