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Fortnightly Magazine - August 2004

Profit Without Costs

An analysis of participant funding in natural gas and electricity markets.

An analysis of participant funding in natural gas and electricity markets.

Of all the issues in the energy industry, no matter how technically or scientifically complex, none is more important than fairness. Price spikes, contract reformation, market manipulation-all hot-button issues during the last four years-revolve around a core value held by practitioners and regulators alike: Are the prices that exist in the marketplace just and reasonable?

Byline: 
Curt Hébert Jr.
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Global Warming: The Gathering Storm

Russia resurrects the Kyoto Protocol and the prospect of either mandatory CO<sup>2</sup> emissions cuts for U.S. utilities, or the start of a global trade war.

Russia resurrects the Kyoto Protocol and the prospect of either mandatory CO2 emissions cuts for U.S. utilities, or the start of a global trade war.

In June 2001, the Bush administration withdrew an earlier campaign pledge to support the Kyoto Protocol, claiming that the treaty was fatally flawed in not requiring China and India to reduce carbon dioxide (CO2) emissions and that the science underpinning the treaty was not yet definitive enough to justify the costs of compliance.1

Byline: 
Peter J. Fontaine, Esquire
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