The Risk 2002 commodity & energy derivatives rankings

Risk’s 2002 energy derivatives rankings show the energy sector in a state of flux following the collapse of Enron. Two months after the Houston energy major declared bankruptcy, a number of its rivals have come to the fore in each of the markets Enron once dominated: natural gas, electricity and weather. And they all preach the same message: that Enron’s demise, although the key event of the past 12 months, will have no lasting effect on the liquidity of those markets.

A year ago, Enron was