Keeping score

This month Brett Humphreys and Zach Jonasson show how energy trading firms can compare performance using publicly available corporate information

Many companies have active energy trading divisions. These divisions generally have a minimal upfront investment, especially when compared to the cost of, say, building a new power plant. Trading entails an unknown cash investment in the future – risk capital, or the amount of capital it might lose from trading activities.

While companies generally understand charging business units for the