In an effort to grease the gears of energy trading and sharply lower collateral requirements in this time of extreme credit scrutiny, the Committee of Chief Risk Officers (CCRO), which represents 32 major energy companies, has recommended a standardized agreement that will facilitate trading of energy contracts through clearinghouses and other multilateral trading platforms.
Gears
Articles from Gears
CA Gears Up for Implementation of Edison Agreement
California legislators and regulators returned to work after the Easter holiday with a full plate of actions pending in the state’s electricity crisis, including the implementation of last week’s agreement between the governor and Southern California Edison Co. Meanwhile, the negative fallout from the utilities’ credit-worthiness problems continues to add pressure for faster state action.
With High Prices, Northern Producers Shift Gears
It appears increasingly likely that development of 35 Tcf of gasreserves in Alaska and another 6-9 Tcf in the Mackenzie Deltaregion of the Northwest Territories will be headed down parallelbut separate paths. Both projects, however, seem to be picking upspeed in reaction to the current favorable market situation.
Bullish Screen Defeats Bearish Weather to Push Cash Higher
The cash market switched gears Tuesday, as gains of 3 to 11cents at most points reversed a two-day trend of general weakness.A strengthening futures screen replaced the slackening powergeneration demand as the main market driver, one trader said, andthe result was increasing gas prices despite moderatingtemperatures throughout the nation.
FERC Gears up to Tackle Gas Issues
A FERC options paper outlining various gas issues, whichCommission staff has been compiling since last fall, is scheduledto go to the full Commission next week – an indication FERC willtake action very soon. Commissioners are at odds, however, overwhether the gas issues will be addressed on a comprehensive basisor individually.