Challenge of managing merchant assets in a dramatically changed market environment

This article discusses, challenge of managing merchant assets in a dramatically changed market environment. There was a big gold rush in the electric power business between 1998 and 2001. For the need of new supply, many energy companies-both regulated and unregulated began to develop new assets throughout US. These plants were almost all gas-fired combined cycle plants. After a brief survey of the "history" of the merchant plant, the presentation will cover the following hot issues: regulatory management, marketing and trading, transmission, modeling and risk management.