El Paso helps RiskMetrics adapt
RiskMetrics Group, a company more often associated with the financial sector, is implementing its risk solution software at energy firm El Paso Corp. How is it adapting the software to the specifics of the energy sector? Kevin Foster reports
Enterprise-wide risk management is the new buzz-word in the energy sector, as companies scramble to avoid Enron-like scenarios by keeping a close eye on company-wide risk measurement. Now, New York-based software supplier RiskMetrics Group is working with an energy company for the first time to implement a risk management product it has honed in the financial sector (see box).
The implementation of Riskmetrics’ system at El Paso Corp is still in its early stages, says Robert
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