Enterprise risk
Reliant sells Texas business to NRG and posts fourth quarter loss
In addition to the sale of its Texas retail business to NRG Energy for $287.5m, Reliant Energy has announced fourth quarter losses, including $177m from energy derivatives.
VTB Capital enters steam coal market
Russian bank VTB Capital has joined coal trading marketplace globalCOAL to develop its risk management operations in the Pacific region steam coal market.
RWE restructures
RWE has announced plans to restructure its supply and distribution business in Germany and reorganise its ultra-high voltage grid as part of a €6.5 billion investment scheme.
ICF offers risk management for energy companies
Consultant ICF International has announced that it will offer risk management services to the energy sector.
Asian airlines struggle with volatile oil prices
A major contributor to the large fuel-hedging losses suffered by Chinese and Taiwanese airlines for 2008 were collar strategies - the purchase of call options and simultaneous sale of put options. But some Asian carriers, such as Malaysia's Air Asia and…
A barren landscape
The credit crunch has changed the investment landscape for major energy infrastructure projects, as companies review capex plans and finance drains away. Roderick Bruce examines the implications
The fight is on for LCH
US clearing giant The Depository Trust & Clearing Corporation (DTCC) has insisted that a merger with London-based clearing house LCH.Clearnet would be completed by the end of March, despite a possible rival bid.
Constellation sells commodities business to Goldman Sachs
Constellation Energy is to sell the majority of its London-based international commodities business, including its coal and freight operations and European energy trading units, to Goldman Sachs.
FCStone buys Australian risk management firm
US commodity risk management firm FCStone Group has bought the risk management arm of Australian rural services provider Elders for an undisclosed sum.
Atel and EOS finalise merger
Swiss energy companies Atel and EOS have finalized details of a merger which will form a new company called Alpiq, based in Neuchâtel.
JP Morgan buys UBS’ Canadian energy and ags businesses
UBS is to sell its Canadian energy and global agricultural commodities businesses to JP Morgan, it has announced.
Getting the measure of it
Measuring risk in the face of a lack of data is one of the greatest challenges for energy risk managers, say respondents of our risk management survey. Stella Farrington sets out this year's findings
The sum of all parts
The recent financial crisis has put enterprise-wide risk management firmly in the spotlight. Pauline McCallion looks at how this increased interest could advance ERM, and asks whether total ERM can ever be fully achieved
TradeCapture expands to Rome office
Energy trading and risk management provider TradeCapture has announced the opening of an office in Rome with Pete Carlile appointed as general manager for Europe.
Exelon bid rejected
NRG Energy has rejected Exelon Corporation’s unsolicited merger offer made on 19 October 2008, claiming it “significantly undervalues” the firm.
Constellation announces further plans to boost liquidity
Constellation Energy has reported a third quarter loss and announced plans to sell its downstream gas trading operations in an additional bid to increase its liquidity position.