Energy Risk/News
CFTC names Chilton head of energy committee
Bart Chilton, one of four commissioners at the US Commodity Futures Trading Commission, has this week taken charge of the regulator's energy markets advisory committee.
Constellation refocuses
Loss-making firm Constellation Energy looks to restructure and focus on power generation after rejecting a merger deal with MidAmerican
US government to consider cap-and-trade legislation this year
Imminent draft climate change legislation could include a federal cap-and-trade scheme for CO2 emissions, but questions remain regarding market regulation, finds Pauline McCallion
Banks pull back from market-making
A lack of OTC market-making is causing concern about long-term liquidity in the energy markets. The future of market-making depends on the banking industry, reports Katie Holliday
Banks pull back from market-making
A lack of OTC market-making is causing concern about long-term liquidity in the energy markets. The future of market-making depends on the banking industry, reports Katie Holliday
Agora-X launches OTC platform for energy and metals
Agora-X, an electronic trading platform, has launched a new platform for the negotiation, execution and clearing of over-the-counter (OTC) trades in energy and metal contracts.
EPA proposes first national GHG reporting requirements
The US Environmental Protection Agency (EPA) has proposed the first comprehensive national system for reporting emissions of carbon dioxide and other greenhouse gases.
Outlook positive for commodities investors
Investors are bullish about commodities in the long term, according Barcap's annual investor survey, with 79% of participants planning to initiate or increase their exposure to commodities over the next three years.
Brokerage launches environmental arm
Phoenix Partners Group, an interdealer credit and equity derivatives broker, has launched an environmental brokerage service for the worldwide renewable energy and emissions markets.
S&P GSCI Index Commodity Swaps to clear on CME ClearPort
Standard & Poor's has signed a licensing agreement with CME Group to clear swaps on the S&P GSCI Excess Return Index.
Scotia Capital acquires part of UBS Energy
Scotia Capital, a subsidiary of Scotiabank, today announced the acquisition of assets and employees from UBS Energy, a unit of UBS AG.
ICE offers margin offsets on coal and emissions contracts
ICE Futures Europe has introduced margin offsets between its Coal Futures and Emissions contracts.
Reliant sells Texas business to NRG and posts fourth quarter loss
In addition to the sale of its Texas retail business to NRG Energy for $287.5m, Reliant Energy has announced fourth quarter losses, including $177m from energy derivatives.
VTB Capital enters steam coal market
Russian bank VTB Capital has joined coal trading marketplace globalCOAL to develop its risk management operations in the Pacific region steam coal market.
Spectron begins brokering softs and ags
Interdealer broker Spectron has launched a soft commodities and agricultural products desk.
Obama calls for economy-wide carbon cap
President Barack Obama has indicated that the administration will work with Congress on cap-and-trade legislation in an effort to increase US energy independence.
Centrica invests in 60 bcf gas storage facility
British utility Centrica will develop the UK's second largest gas storage facility through the acquisition of a controlling interest in the Baird gas field project in the southern North Sea.