Energy Risk/News
RWE npower plans £1bn clean coal power station in UK
RWE npower today set out plans for a 1,600 megawatt (MW) clean coal power station to replace its existing coal-fired station in Tilbury, Essex, UK
Constellation Energy to acquire Progress contracts
Constellation Energy is to acquire power and gas contracts from Progress Ventures, a subsidiary of North Carolina-based Progress Energy.
CME to launch new weather derivatives
The Chicago Mercantile Exchange (CME) is to expand its range of weather derivatives with the launch of its Weekly Weather Index futures and options, beginning April 2.
ICE announces new futures timeline
IntercontinentalExchange (ICE) has announced it will launch electronically traded New York Board of Trade (Nybot) financial futures contracts in April.
DME receives approvals from Singapore, Japan regulators
The Dubai Mercantile Exchange (DME) has received its first approvals from overseas regulators in Singapore and Japan, ahead of its launch in May.
TXU agrees to record $45 billion buyout
The board of TXU Corp, the Dallas-based energy company, has agreed to a $45 billion takeover by private equity firms Kohlberg Kravis Roberts, Texas Pacific Group and Goldman Sachs, the investment bank.
DME announces launch date
The Dubai Mercantile Exchange (DME), the Middle East’s first energy futures exchange, has announced that it will officially launch on 1 May.
Leaders reach carbon agreement
Delegates at the G8+5 Climate Change Dialogue forum in Washington have agreed in principle to the setting up of a global cap-and-trade market for carbon emissions, similar to the EU Emissions Trading Scheme
Czech commodity exchange powers up
The Prague Stock Exchange (PSE), with the support of the Czech Ministry of Industry and Trade, is in the process of establishing a new energy commodity exchange, Energetická Burza. The new exchange will rely on the PSE’s established trading systems, and…
Nymex and Montreal form alliance
The New York Mercantile Exchange (Nymex) is to form a “strategic alliance” with the Montreal Exchange (MX), Canada’s largest financial derivatives exchange.
Nymex to list catastrophe risk futures contracts
The New York Mercantile Exchange (Nymex) has announced that it will list three new financially settled catastrophe risk (CAT risk) index futures contracts.
CME launches hurricane index
The Chicago Mercantile Exchange (CME) is expanding its weather derivatives product range with the launch of CME-Carvill Hurricane Index futures and options on futures contracts.
LCH.Clearnet announces share repurchase
Clearing house LCH Clearnet has reached agreement in principle regarding the repurchase of the majority of the shares held by its largest shareholder, Euronext, a European cross-border exchange.