Energy Risk Management: A Primer for the Utility Industry - Softcover

Andrew S. Hyman; Michael J. Denton; Leonard S. Hyman; Bradford G. Leach; Gary A. Walter

 
9780910325189: Energy Risk Management: A Primer for the Utility Industry

Synopsis

This book presents a clear, concise introduction to the basics of risk assessment, from identification to evaluation to management of risk. This book addresses the needs of managers and boards, giving readers an understanding of the risks energy companies and utilities face, and how to manage those risks.

Energy Risk Management includes an extensive glossary of 100+ pages in which key terms and phrases used in energy trading and securities transactions are defined and cross-notated, an invaluable reference source unto itself.

Topics covered include: The Need for Risk Management, Core Risks, Risks Within the Business, and Regulation & the Government.

TABLE OF CONTENTS
Foreword xiii
Preface xv
Introduction xvii
NEED FOR RISK MANAGEMENT
Chapter 1: Utilities and Energy Companies Need Risk Management 1
THE BASICS
Chapter 2: Dealing with Risk: Terminology and Techniques 7
Chapter 3: Common Risks and Misconceptions 17
Chapter 4: Risk Management Starts at the Top 21
Chapter 5: Shifting Risk with Derivatives: The Building Blocks 27
Chapter 6: Basis 51
CORE RISKS
Chapter 7: Energy Price Risk 65
Chapter 8: Weather Risk 87
OTHER MARKET RISKS
Chapter 9: Foreign Exchange 115
Chapter 10: Interest Rates 127
Chapter 11: Equity Risk 143
Chapter 12: Credit Risk 155
Chapter 13: Advantages and Disadvantages of Various Trading Venues 177
RISKS WITHIN THE BUSINESS
Chapter 14: Operational Risk 185
Chapter 15: Fraud 195
REGULATION AND GOVERNMENT
Chapter 16: Regulation and Government 249
Chapter 17: Regulatory Risk 257
EXPERIMENTAL ECONOMICS
Chapter 18: Improving Energy Risk Management with Experimental Economics 267
APPENDICES:
Appendix A: Important Contracts 279
Appendix B: Common Risk Terminology and Important Measures 289
Appendix C: Glossary 299
 

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From the Back Cover

This guide provides a clear understanding of the risks that confront utilities and energy companies, without getting bogged down in math or superfluous equations. All too often books on risk management fail to address the needs of managers and boards. Energy Risk Management: A Primer for the Utility Industry fills that void, giving readers an understanding of the risks energy companies and utilities face -- and how to manage those risks. In addition, the book provides a comprehensive glossary that cuts through the confusing jargon surrounding energy trading.

Regulators, utility managers and company board members now have a resource that arms them with knowledge about energy trading and core risks, giving them the tools they need to stay on top of an evolving industry.
Topics include: The Need for Risk Management, Core Risks, Risks within the Business, and Regulation & Government.

"About this title" may belong to another edition of this title.