Commodities

Trafigura Group announced on April 9 that it will launch its first carbon trading desk, led by Hannah Hauman, further expanding the scope of its trading activities.

In the world of project finance, power purchase agreements are usually considered from the point of view of the project owner or lender. But in the last few years, more attention has started to be paid to the other end of the contract.

Portland General Electric has retained legal and other advisers as it reviews power trading after realizing $104 million in losses on “ill conceived” positions its power traders entered into this year.

Citi has signed a deal with an end customer to cover a portion of the output of a Texas wind project that was financed on the basis of a hedge provided by the bank last year.

After hedge providers got burned earlier this year on deals for new-build gas-fired projects in PJM Interconnection, they are quoting revenue puts at pricing that no longer makes as much sense for CCGT developers, forcing them toward alternatives.

"I am back in Houston,” reads a Jeffrey K. Skilling LinkedIn profile apparently created in September of last year, shortly after the former Enron executive was transferred from a minimum security federal prison camp in Alabama to a halfway house under the supervision of RMM Houston, a residential reentry management field office of the Federal Bureau of Prisons.

A Houston-based pair of upstream and midstream energy specialists have left GE Energy Financial Services.

As Dominion Energy prepares to close financing for its Cove Point terminal later this month, deal watchers are tracking another LNG export terminal, which they say could be the next such facility to reach final investment decision.

Two banks are leading the 20-strong lender group that is providing a three-year loan to finance Dominion Energy’s Cove Point LNG export terminal on the shore of the Chesapeake Bay in Maryland.

Home games of the Philadelphia Flyers and 76ers will be 100% wind powered under a contract signed recently by Comcast Spectacor, the owner of their home arena, the Wells Fargo Center.