Commodity risks – how energy suppliers manage them can make a big difference to markets and customers

More than a decade after the Enron debacle, one would think managing an energy company’s risks is a widely-agreed upon practice with similar types of standards. Yet with the ongoing volatility in oil and natural gas prices, accidents and ‘Acts of God’ that just keep happening and the growing interdependence in commercial markets on other […]

FAST FIX: Cyber security expert Alan Paller questions security of U.S. power grid

Alan Paller, a prominent cyber security authority at the Maryland-based SANS Institute who leads the widely-used Internet Storm Center, was asked during a recent presentation to a Google-sponsored Maryland Cybersecurity Seminar in College Park, MD how he rates the security of the U.S. power grid. On a scale of “1″ to “10″, with 10 being […]

Smart Grids may make U.S. more vulnerable to electromagnetic pulses from solar flares or a terrorist attack

While the U.S. Congress, President Obama and the Tea Party wrangle over debt ceilings and deficit spending, a far more potent threat looms as a growing number of intelligence experts warn of how a massive solar flare or a nuclear missile detonated above the United States could kill wipe out the power grid, disable consumer […]