synthetic electricity



    When Morgan Stanley’s Merger Bankers Say No, Its Derivatives Bankers Say Yes

    I very much enjoyed this Morgan Stanley electric shenanigans case that settled yesterday. According to the complaint, this happened: KeySpan, an electric generator, realized that prices for electric generation would be going down as more capacity came online. It decided to keep up prices by cutting back its own generation. But that’s dumb, because then […]

    / Aug 8, 2012 at 5:05 PM

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