Energy Risk/News
Constellation's ratings hit bodes ill for merchant energy players
Constellation Energy's excessive exposure to liquidity risk has contributed to a significant credit ratings downgrade for the firm, finds Jayne Jung
RGGI futures competition hots up
As the fledgling US Regional Greenhouse Gas Initiative finds its feet, is there sufficient liquidity for two exchange-traded futures contracts? Katie Holliday finds out. Additional reporting by Roderick Bruce
Romanian wind farm to be largest in Europe
European utility giant CEZ Group has bought two adjacent wind farms in Romania from Eastern European renewables developer Continental Wind Partners (CWP).
MF Global establishes nuclear trading desk
Broker MF Global has set up its first nuclear fuel trading desk. Based in London, the new desk will provide the primary nuclear fuel market with a forum for the sale and purchase of physical uranium oxides, as well as a suite of uranium price hedging and…
Dow Jones and CCX launch emissions indexes
Index provider Dow Jones Indexes and Chicago Climate Exchange (CCX), have launched two new carbon credit price indexes.
RGGI futures contracts start well
Trading of Regional Greenhouse Gas Initiative (RGGI) CO2 futures contracts on the Chicago Climate Futures Exchange (CCFE) got off to a positive start since their launch on 15 August.
Braemar and Tullett Prebon form FFA broking team
UK-based shipping company Braemar Seascope and global inter-dealer broker Tullett Prebon have initiated a joint-venture to concentrate on broking forward freight agreements (FFAs).
Shareholders approve CME / Nymex deal
Shareholders at the Chicago Mercantile Exchange (CME) and the New York Mercantile Exchange (Nymex) have voted in favour of a merger between the two exchanges.
World Energy to host RGGI carbon allowance auction
US online exchange operator World Energy has signed a contract with RGGI Inc – an administrative subsidiary of the Regional Greenhouse Gas Initiative (RGGI) – to host its first auction for regional carbon dioxide (CO2) allowances.
Evolution launches catastrophe derivatives division
Environmental brokerage firm Evolution Markets has introduced a brokerage and transaction service to focus on the catastrophe derivatives market.
DME sells equity stake to trading firms
The Dubai Mercantile Exchange (DME) has concluded the sale of a 20% equity stake in the exchange to six global financial institutions and energy trading firms.