New regulations from FERC to prevent energy industry market manipulation take deep root in securities industry law. Modeled in part on the Securities Exchange Act of 1934 (Exchange Act), the...
Merchant Power: When Hedging and Profits Collide
Does too much risk management mean leaving money on the table?
prices and the plant’s operations. The output includes operating margins and EBITDA. For example, 1,000 market scenarios generate 1,000 different EBITDA amounts for any given month.