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Risk free rates and value: Dealing with historically low risk free rates
Aswath Damodaran, at NYU, has a nice post on the right and wrong ways to implement valuations in the light of the historically low interest rates on Treasuries and other sovereign debt. The trick is to...
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Shoot the messenger?
Something about yesterday’s earnings announcement by JPMorgan has folks rattled: Third-quarter results included the following significant items:$1.9 billion pretax ($0.29 per share after-tax) benefit...
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The cost and value of variability in electricity generation
The Bloomberg terminal offers an LCOE function provided by its New Energy Finance unit. The function calculates the levelized cost of electricity for a number of generation technologies. The LCOE is...
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Griffin’s Risk Management Superpower
The third installment of the feature film series Men in Black features the alien Griffin. Griffin possesses the critical ArcNet shield that can protect the earth against the impending Boglodite...
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Is wholesale power trading as profitable a line of business as they say?
Gregory Meyer, in today’s Financial Times, reports that banks are scaling back their trading in U.S. wholesale electric power markets. In his companion article, he quotes me saying that The banks had...
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