Counterparty risk rising with gas prices

Counterparty risk is rising along with high natural gas prices. MCN Energy Group Inc., Detroit, blamed a $9 million charge or 11-/share in the second quarter 2000 on potentially uncollectible account receivables in its energy marketing group.

Ann de Rouffignac
OGJOnline

Previous articlePECO Energy to Purchase Sithe North America
Next articleCinergy Places $1.5M Order ForCapstone MicroTurbines

No posts to display