...while AEP exits Nordic energy trading

Ohio-based American Electric Power (AEP) last month completed its exit from theNordic energy trading market. The management team responsible for AEP’sactivities in the Nordic region will assume AEP’s Nordic trading book,office leases and related responsibilities.

AEP effectively announced its intention to leave the Nordic market in October2002, when chief executive Linn Draper said the firm’s wholesale energyefforts would be focused on areas where it has assets. Since then, AEP has alsostarted to reduce its exposure to speculative energy trading and cut its tradingand wholesale marketing operation.

AEP recognised a $16.6 million loss in the fourth quarter of 2002 associatedwith its decision to exit the Nordic trading business, the company said in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

AI wide open

The Risk Technology Awards 2018 have highlighted how new technologies are bringing recognition for vendors

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here