Ken Robinson reflects on the ‘good, bad and ugly’ in energy risk management
A summary of the Committee of Chief Risk Officers' (CCRO) emerging guidelines on capital adequacy, by Cinergy's Antonio Ligeralde, Kenneth Robinson of El Paso Merchant Energy and CCRO head Michael Smith.
The Committee of Chief Risk Officers' capital adequacy 'emerging practice' guidelines will, says the capital adequacy committee chair, evolve into a new regulatory body within a year.
The management of embattled energy company El Paso defeated a shareholder-sponsored initiative on Tuesday that would have replaced its current board of directors.
With 34 trading offices active in 40 countries, Swiss commodity trading house Trafigura is no small concern. But while the firm – perhaps best known for its oil, petroleum products and metals trading activities – employs some 600 energy traders worldwide,...
Renewed allegations of manipulation of natural gas pipeline capacity in the US have been partly blamed on regulatory complacency. How can regulators put an end to the problems dogging the gas markets? Catherine Lacoursière reports
The US Commodity Futures Trading Commission (CFTC) has filed an application to enforce compliance with two document subpoenas issued to global publisher McGraw-Hill Companies, as part of its ongoing investigation of corrupt energy trading practices. The...
Investment bank Goldman Sachs is re-entering the physical power market for the first time in two years with the purchase of a 940 megawatt natural gas plant from troubled energy company El Paso Merchant Energy.
In this month’s analysis of energy firms’ credit quality via Riskmetrics’ CreditGrades tool, Williams and El Paso are among those with tighter spreads
A group of US senators yesterday introduced legislation, called the Energy Market Oversight Act, that seeks to restore the Commodity Futures Trading Commission’s (CFTC) authority over online and bilateral energy trades and give the Federal Energy Regulatory...
Risk management and analytics firm RiskMetrics gives this month’s analysis of energy companies’ credit quality using its CreditGrades tool
Faced with liquidity problems, falling volumes and uncertainty over the accuracy of price data, coal trading has had many of the same difficulties as the natural gas and power sectors over the past year. How can it get back on its feet, asks Kevin Foster
Todd Shipman of credit rating firm Standard & Poor’s finds that pipeline companies in the US will face more market risk than regulatory risk in the coming year
Allegations that Houston-based El Paso swapped power contracts with Morgan Stanley to avoid a restatement of earnings sent shares of the troubled energy company tumbling today.
US energy company El Paso announced plans to quit the energy trading business today as continued problems in the sector led it to post a third-quarter loss.
Houston-based energy trader and gas major El Paso is closing its Singapore office. The operation, opened in January 2001, was El Paso’s base for its Asian activities, which included investment in local pipeline projects. In 2001, El Paso was the second-largest...