Feature
Ferc executes already dead Enron
Enron became the first company to face the Federal Energy Regulatory Commission’s (Ferc) “death penalty” in June when the US energy regulator revoked the bankrupt firm’s authority to sell electricity at market-based rates.
Ferc’s California clean-up
Sixty energy firms and utilities will have to justify their activities during the California energy crisis, the Federal Energy Regulatory Commission (Ferc) said in its regular bi-weekly meeting on June 25.
Meeting demand
Introduction
Portfolios: prevalent but problematic
Introduction
Revealed: Goldman Sachs’ mega-deal for Greece
Greece uses swaps to hit EU debt ratios
Lessons in loaning
Lenders and borrowers alike are becoming ever more innovative at a worrying time for energy company financing. But will the new ideas catch on? Paul Lyon reports
More power to the banks
Banks now have greater freedom to participate in derivatives markets based on physical commodities thanks to two recent ruling by US regulators. As a result, the balance of power looks set to shift from Houston to New York. By Paul Lyon
California’s master plan
California’s energy regulators have an action plan to upgrade the electricity system. But if they don’t add generation, shortages could again hit. Kevin Foster reports
End of the road for California?
A bill aiming to re-regulate the California energy sector is progressing through the state’s legislature. Does this spell the end for California’s troubled experiment with deregulation? Kevin Foster finds market participants split over the issue
Teething problems in Texas
Advocates of retail electricity deregulation cite Texas as evidence that competitioncan succeed. But big risks remain for power marketers, finds Kevin Foster
Cracking correlation
Credit default swaps
Getting to grips with fair value
Derivatives accounting
A natural pillar
Profile: BMW
Dashed hopes
CFOs
Staying away in droves
Credit
Veolia Environnement’s risk revolution
Profile: Veolia
Diversify and conquer
Profile: General Electric
Structurally sound
Profile
The right tools
Portfolio selection
2003 system frontrunners
Technology