Committee of Chief Risk Officers seeking wholesale power “passport” for ISOs & RTOs
Ten years ago this fall, in the wake of Enron’s collapse and the California power shortage, with huge questions looming about energy “deregulation,” a handful of merchant energy companies and proactive utilities launched the Committee of Chief Risk Officers to help energy and financial managers there get a better handle on and mitigate the myriad [...]
Energy risk officers recommend risk management standards for power, gas market participants
Utilities, power suppliers and regional organizations that coordinate the flow of electricity throughout the U.S. are taking steps to better understand the creditworthiness of market participants and ways to mitigate risks inherent in the purchase, supply and transmission of electric power. The Federal Energy Regulatory Commission’s Order 741 requires initial compliance filings by Independent System [...]
