On the virtues and vices of ICAP, ACAP, FTRs, hubs, flowgates, DAMs, and gaming.
An analysis of the latest wave of unbundling, re-bundling, and convergence plays in the gas-power industries.
Debt + secret triggers = another Enron.
Energy traders and risk managers reengineered their business dealings to manage against unexpected political and financial risks posed by California and Enron in 2001.
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.