EnergyClear goes live

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Industry-owned clearing house EnergyClear announced its launch in October, becoming the latest in a number of recent initiatives to help solve the industry’s credit and clearing problems.

The Houston-based company, which is backed by the Bank of New York and brokers Prebon Yamane and Amerex, began the clearance and settlement of 12 over-the-counter (OTC) electricity and 22 OTC natural gas products on October 7.

Protection
“EnergyClear represents an important step in the development of a national

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