Duke Energy

Energy Trading & Marketing: The Evolution of the Deal

Energy traders and risk managers reengineered their business dealings to manage against unexpected political and financial risks posed by California and Enron in 2001.

The rules of energy market survival changed forever in 2001. California and Enron were both humbled by gyrating prices and blackouts in the Golden State, and financial misadventure dethroned the once-crowned king of energy trading. These twin events sent shockwaves through the very foundation of the energy trading and risk management establishment.

People (Jan 1, 2002)

El Paso Corp. announced that Britton White Jr. has retired as executive vice president and general counsel. He was appointed to this position after El Paso acquired Tenneco Energy in 1996. Peggy A. Heeg has been named as his replacement. Heeg previously served as senior vice president and deputy general counsel. She joined Tenneco Energy in 1990 and became vice president and associate general counsel for regulated pipelines for El Paso after the merger. El Paso also announced the retirement of David A. Arledge from its board of directors.

The Rules of the Grid: Transmission Policy and Motives Gehind It

Making sense of RTO Week, the mediation talks, and FERC's promised new rulemaking.


 

Making sense of RTO Week, the mediation talks, and FERC's promised new rulemaking.

Dynegy's senior vice president Peter Esposito didn't think much about the celebrated mediation talks on forming a single, unified transmission grid for the Northeast U.S.

News Analysis

<br> IPPs and other stakeholders long have called for standards, but this time, the FERC just might oblige.

 

News Analysis

 



IPPs and other stakeholders long have called for standards, but this time, the FERC just might oblige.

 

"Certain transmission owners ... have impeded the interconnection process and, thereby, new generation construction."

"Many transmission providers also refuse to offer network transmission service to merchant generators ... ."

News Analysis

New England puts a price on electric reliability, but some say the charge looks more like a tax.

News Analysis



 

New England puts a price on electric reliability, but some say the charge looks more like a tax.

Does ICAP qualify as a true commercial product, traded on its own merit with a tangible value for customers?

News Digest (July 15, 2001)

Compiled June 21, 2001 by Bruce W. Radford, editor-in-chief, from contributions as noted from Carl J. Levesque, associate editor, and Phillip S. Cross and Lori A. Burkhart, contributing legal editors.

Frontlines

FERC's California plan needs pressing, to fix blatant gaffes on NO<sub>x</sub>, demand bids, and megawatt laundering.

Frontlines

Taken to the Cleaners

 

 

California's Power Gamble: Long-Term Contracts, Locked-In Risk

High profit potential will attract new power plants, forcing prices down and stranding the state's long-term electricity purchases.


 

High profit potential will attract new power plants, forcing prices down and stranding the state's long-term electricity purchases.

Let's consider three questions crucial to California's energy crisis and its plans for solution.