News
US House Ags Committee reviews Treasury derivatives plan
Members of the US House Agriculture Committee voiced concerns today that government proposals for regulating over-the-counter derivatives would negatively affect end users.
Government ends Royalty-in-Kind programme
US secretary of the interior Ken Salazar this week announced plans to reform management of US energy resources, including the termination of the Minerals Management Service’s (MMS) Royalty-in-Kind programme.
US DOE launches transmission project
US energy secretary Steven Chu has announced details of a new $213 million transmission project to bring renewable energy resources to market.
CME calls for limits across markets
Chicago-based CME Group has published details of a proposed hard-limits regime, calling on all exchanges to adopt the same measures.
Willis creates product to cut hurricane hedging costs
NRG Energy, a US-based utility, has closed an innovative index-based hedge with global insurance broker Willis designed to cut the cost of hedging against hurricane risk.
E.ON signs up to Iberian exchange
E.ON Energy Trading has become a member of OMIP, the derivatives exchange for the Iberian energy market.
Carbon traders concerned over SGS UK suspension
Carbon traders have expressed concern over the suspension of SGS UK, the largest carbon project verifier in the world, by the United Nations.
Offshore wind to provide 17% of European electricity by 2020
Current offshore wind capacity has the potential to supply 17% of European Union electricity demand by 2030, according to the European Wind Energy Association (EWEA). Offshore wind currently provides a meagre 0.3% of European electricity demand.
Commodity exchange trading rises 5.4%
Trading of commodity derivatives has risen 5.4% in the second quarter of this year, according to the Swizterland-based Bank for International Settlements.
EcoSecurities agrees £122.9m takeover by JP Morgan subsidiary
The takeover battle that emerged over Irish carbon project developer EcoSecurites has been won by Carbon Acquisition Company, an indirect subsidiary of JP Morgan Chase & Co.
DGCX to launch commodity indices
The Dubai Gold & Commodities Exchange (DGCX) will use its futures prices to create commodity indices for the global investment banking and fund industry in the Middle Eastern region.
E.ON completes 475MW wind farm in US
German utility E.ON has announced the completion of its 457.5 megawatt (MW) Panther Creek wind farm in Texas, making it one of the ten largest wind farms in the United States.
LME delays launch date for minor metals
The London Metal Exchange (LME) has delayed the launch of its new minor metals contracts for molybdenum and cobalt until February 22 2010.
Duke Energy withdraws from Clean Coal coalition
US utility Duke Energy has withdrawn from the American Coalition for Clean Coal Electricity (ACCCE) because of constraints imposed by influential member companies who will not support passing climate change legislation in 2009 or 2010 the company said.
DB liquidates oil ETN
Deutsche Bank will close down one of its exchange-traded oil products amid an investigation by regulators into the need for tighter oversight of energy futures markets.
New member registrations reopened on Climex
Netherlands-based exchange Climex, which offers environmental and energy contracts, has reopened its membership registration for the carbon spot exchange after reviewing and amending its criteria.
CFTC implements COT report changes
As of Friday September 4, the Commodity Futures Trading Commission (CFTC) will implement changes to its weekly Commitments of Traders (COT) reports first announced in July.
Over-regulation will drive business overseas says Baltic Exchange
The Baltic Exchange has warned that too much regulation will damage the freight derivatives market and drive business away from Europe following a consultation paper published by the European Commission (EC.)