Energy Risk/News
Duke gets all clear on accounting investigation
The US Department of Justice has closed its grand jury investigation into issues related to Duke Power’s regulatory reporting, concluding that no action is warranted against the company. Duke, the North Carolina-based energy company, was informed of the…
Statoil and Alex Kvaerner swap chief executives
Helge Lund has joined Norwegian energy company Statoil as chief executive, replacing acting CEO Inge Hansen. Hansen replaces Lund as CEO of one of three divisions of newly restructured Norwegian industrial group Aker Kvaerner.
RMS releases updated Climetrix weather trading system
Risk Management Solutions (RMS), a California-based provider of products and services for the management of natural hazard risk, today released version 4.0 of its Climetrix weather derivatives trading and risk management system.
New entrant set to supply gas in UK
Awards 2004
Canadian pension fund buys US plants
Awards 2004
Bush urges TVA to modify debt estimates
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Technology
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News in brief
Awards 2004
IndianOil to use derivatives
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News in brief
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Morgan Stanley buys Duke’s trading book
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CGE will face antitrust suits: rival
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Ferc addresses reliability
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Technology news
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Ex-Merrill Lynch energy trader pleads guilty to fraud
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University of California adds four to Enron lawsuit
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Energy swaps
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El Paso to cut debt by a third, while gas trader pleads guilty
US natural gas company El Paso – which has recently survived a bid toreplace its board and seen one of its tradersindicted – has unveiled aplan to significantly reduce its debt. By Joe Marsh