Risk Staff

Utilities cut spending on IT

Energy utilities have cut spending on IT by 13% so far this year, according to the initial results of a study by Connecticut-based consultancy the Meta Group.

01 Sep 2003

Insurance

Royal Bank of Canada reaches agreement over Enron case

The Royal Bank of Canada (RBC) has reached a settlement agreement with Enron, the Enron creditors’ committee and Dutch firm Rabobank, resolving aspects of a share transaction known as ‘Cerberus’. The transaction also involved the use of total return…

01 Sep 2003

Regulation

A true test for value-at-risk

The three classic approaches for measuring portfolio value-at-risk do not compare like with like, argues Richard Sage. Here he presents a test portfolio to highlight the differences between calculation methods

01 Sep 2003

Energy

WRMA to campaign on data and against normalisation

Lynda Clemmons, president of the US Weather Risk Management Association (WRMA), is to sit on an American Meteorological Society (AMS) panel to address issues in the weather industry involving weather data and public-private partnerships.

01 Sep 2003

Regulation

LNG could rescue the US

Sandy Fielden of energy market specialist Logical Information Machines looks at a potential solution to the US natural gas supply crisis: liquefied natural gas

01 Sep 2003

Debt management

Tennessee’s valley of debt

Tennessee Valley Authority’s power plant financing arrangements should be measured as debt, says the US General Accounting Office, thereby putting further pressure on its politically sensitive and federally restricted debt levels. Paul Lyon reports

01 Sep 2003

All talk, no action

Cancelled power plant auctions and the complexities of asset debt structures are bad news for the boutiques set up to acquire power assets. The boutiques talk a good business plan – but execution may prove troublesome, as Paul Lyon discovers