Derivatives in the Boardroom?
Positioning the risk professional in the corporate hierarchy.
Positioning the risk professional in the corporate hierarchy.
Merchants' trading volumes and revenue are still too inflated.
Letters to the Editor
RTOs will perpetuate regional monopolies and political rate regulation.
Economists sometimes get confused - especially when the real world doesn't fit into their neat boxes.
Network industries like telephone and electricity are today's case in point. Economists have viewed these parts of the economy as requiring special attention from regulatory authorities. They're viewed as "natural" monopolies displaying "economies of scope" and characterized by risky "lock-in" or "path dependency" features. That supposedly makes them prone to abuse by their free-market owners, and therefore in need of impartial regulatory oversight.
The Ten Most Intriguing Business Decisions in the Post-Enron World.
Experts say utilities' inconsistent approach to weather risk is costing them dearly.
How energy companies can hedge against the weather.
Wind developers face a backlash from citizens.
State government may have done more for wind power than PTC ever did.