News
GE Energy to auction extra capacity
GE Energy Financial Services has announced its plan to auction the extra capacity created by a project it says will bolster the constrained electricity transmission grid serving New York City.
Duke names spin-off
Duke Energy has announced that its existing natural gas business will be called Spectra Energy Corp when the operation becomes a stand-alone, publicly traded company, targeted for Jan. 1, 2007.
No merger for FPL Group and Constellation
FPL Group and Constellation Energy have terminated their plans to merge.
Barcap buys stake in energy investment firm
Barclays Capital has purchased a 40 per cent stake in energy investment firm NGP Capital Management.
CME, CBOT to merge
The Chicago Mercantile Exchange is to merge with the Chicago Board of Trade in a move the exchanges say is “expected to transform global derivatives markets.”
Buyout creates largest US independent power transmission co
Michigan Electric Transmission Company has been acquired by ITC Holdings in an $865 million deal which creates the largest independent electricity transmission company in the United States , based on transmission load served.
EU proposals to heighten competition and risk in the energy sector
The European Commission’s energy policy review, an ongoing evaluation of the energy sector which is likely to lead to new regulation regarding competition, could have significant implications for the risk profile of the European utility sector, says a…
SG, Rhodia launch emissions company
Société Générale and Rhodia Energy Services, a global specialty chemicals company, have formed a joint venture company to trade carbon.
Barclays bullish on oil
Crude oil's recent slide is set to reverse with prices returning to over $70 by the end of the year, Barclays Capital says in its latest commodity research.
DME reveals trading platform details
Energy futures exchange the Dubai Mercantile Exchange (DME), due to launch in the fourth quarter of this year, has unveiled details of its trading platform.