Market risk
Finding the way forward
US wholesale power markets are currently the subject of much concern. As Ferc begins a review to improve competition, Edison Electric Institute's Richard McMahon suggests some key ways to move forward
Michael Bertuccio
Roderick Bruce discovers what has helped BP's MICHAEL BERTUCCIO achieve his success on both the physical and financial sides of the energy business
Charging at commodities
Canada may rank as the world's third largest hydrocarbon producer, yet its energy derivatives market has been, up to now, somewhat constrained. David Watkins reports
Power struggle
After years of negotiations, market players believe that a tipping point in the liberalisation of European power markets could be near. But who will be in the driving seat, asks Oliver Holtaway
Nuclear launch at Tullett Prebon
Inter-dealer and energy broker Tullett Prebon has launched a nuclear fuel derivatives desk, adding to its presence in the power, gas, oil, coal and emissions markets.
War of words escalates in Cbot battle
A week after IntercontinentalExchange (ICE) announced its audacious $10 billion attempt to prise the Chicago Board of Trade from their grip, Chicago Mercantile Exchange executives gathered in Chicago to pour scorn on the proposal.
First cleared Belgian OTC power trade
The first cleared over-the-counter Belgian electricity trade was concluded this morning, brokered by energy broker Spectron
AIG Financial Products launches partnership with Tenaska
AIG Financial Products, a member company of American International Group (AIG), has signed an agreement to purchase a 50% partnership interest in Tenaska Energy’s natural gas marketing companies Tenaska Marketing Ventures, Tenaska Marketing Canada, and…
ICE proposes $10 billion merger with CBOT
The IntercontinentalExchange (ICE) has made a proposal to the Chicago Board of Trade to combine the two companies in a stock-for-stock transaction that would create the world’s most comprehensive derivatives exchange, ICE announced today.
Constellation Energy to acquire Progress contracts
Constellation Energy is to acquire power and gas contracts from Progress Ventures, a subsidiary of North Carolina-based Progress Energy.
ICE announces new futures timeline
IntercontinentalExchange (ICE) has announced it will launch electronically traded New York Board of Trade (Nybot) financial futures contracts in April.
CME to launch new weather derivatives
The Chicago Mercantile Exchange (CME) is to expand its range of weather derivatives with the launch of its Weekly Weather Index futures and options, beginning April 2.
Electricity-backed security: concepts and measures
John Jiang and Hanjie Chen propose a generic concept ofelectricity-backed security, which provides an additionalfunding method to utilities with poorer credit ratings,and a new asset class to investors
Spreading opportunities
Volatile European gasoil and US heating oil prices mean traders must follow inventory and temperature forecasts carefully to stay on the right side of moves in outright and spread values, writes Logical Information Machine's energy analyst Daven Voorhies
The IFRS conundrum
Firms with a public listing in the EU need to adhere to complex accounting standards on financial instruments. Michiel Mannaerts and Pieter Veuger look at the latest implications for energy companies
Can coal deliver?
US coal supply needs to increase by around 8% in the next five years to meet projected demand. For that to happen, huge investment is needed and prices are likely to rise, finds a Global Energy Decisions study
When M&As fail
US M&A activity plummeted in 2006, leading to fears that much-needed – but capital-intensive – infrastructure plans could be put on hold. Merging with infrastructure funds instead of private equity may be an easier way for utilities to jump some…
Powering debate
Concerns about energy supply security and climate change are causing a nuclear power renaissance in Europe. However, despite changing attitudes, the regulatory, political and financial barriers to nuclear new-build remain significant, finds Roderick Bruce
Jeffrey Sprecher
IntercontinentalExchange's JEFFREY SPRECHER talks to Roderick Bruce about the inspirations and motivations that have driven him to the top of the energy trading business