Monday, August 13, 2007

A Pre-packaged Hedge or Climateer has Wind and Gas

Kids do not try this at home!

The WSJ's Energy Roundup points us to a MarketWatch story:

European financial giant Fortis inked a power-purchase agreement with Enel North America to buy 1.1 million megawatt hours of wind power for the next 10 years as a hedge against the price of electricity from natural gas.... More at the ER.

I won't be posting on this again any time soon.
I may however make a couple calls.