Title: Managing Energy Risk: A Nontechnical Guide to Markets and Trading Author: John Wengler ISBN: 0878147942 / 9780878147946 Format: Hard Cover Pages: 393 Publisher: PennWell Year: 2001 Availability: In Stock
Description
Contents
Energy markets are more perilous than ever before. Deregulation has forced a whole new world of trading and risk management jargon onto the power and energy marketer. How does the manager master this complex process, with its myriad experts, personalities, and systems? John Wengler identifies these issues, discusses and analyzes them, and in checklist fashion prioritizes for managers what they must do to succeed despite risks as diverse as price, trader, and credit. Written in plain English, the text is directed at upper management at all electric utilities, natural gas firms, oil companies, and industrial end-users served by the energy complex.
List of Figures and Tables
Acknowledgements
Foreword
Editor’s Note
Chapter 1 : Introduction : The “Tap Ten Checklist” of Things to Do Chapter 2 : The Bull, The Bear, and The Spark Spread Chapter 3 : The Risk Management Policies and Procedures Chapter 4 : Starting with Your Risk-Return Strategy Chapter 5 : The Risk Roster : Personalities and Specialties Chapter 6 : Energy Risk Boot Camp : “Must Know” Concepts for Managers and Directors Chapter 7 : The Deal Process : From the Desk to Delivery Chapter 8 : The Portfolio Process : Starting with What Have We Got? And What Do We Want? Chapter 9 : Measuring Risk : How Might Our Portfolio Change? Chapter 10 : Hedging : Navigating Toward Our Portfolio Objectives Chapter 11 : Critical Path IT Issues Chapter 12 : Looking Forward : The Next Ten Management Issues
Appendix : Items to Consider for Trading and Derivatives Policies, Guidelines, Controls, and Internal Procedures
Glossary
Bibliography
Index