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Derivatives loss impacts on Reliant’s Q3 results

Reliant reported a loss of $1.04bn ($2.87 per share) for the three months to 30 September 2008, compared to net income of $162.4bn ($0.47 per share) for the same period in 2007.

According to a statement from the company, this was due to a lower retail contribution margin due to Hurricane Ike, which resulted in lower sales volumes, the sale of excess supply at a loss and the cancellation of planned price increases.

The loss from continuing operations before income taxes for the period was $1.6m

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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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