Case summary – Enron Corporation’s Weather Derivatives Steve Haik‚ Dan Sleker and Bas van Bellegem – March 2003 Background In October Mary Watts‚ CFO of Pacific Northwest Electric (PNW) reviewed the forward plan for PNW’s 200-2001 season. PNW’s has been experiencing nearly no EPS growth since 1995 due to deregulation and warmer-than-average winter climate. The stock price had suffered accordingly‚ but there maybe a way to hedge the weather risk via a new “weather derivative” being proposed by
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triangles. Secondly‚ Archimedes contributed a ton to both fields. One of the most famous things that Archimedes did was find out if a crown that the king had ordered was made of solid gold. What Archimedes did first compare the weights of gold and silver when immersed in water(he compared it with silver because that was what the crown was suspected to be partly made of). The next thing he did with the crown was immerse it in the
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series of economical progress when returning to their homeland. Although these same people also contributed in an act of murder but still in the name of progress. Many people suffered in the progress made by the Conquistadors. The late 1400’s and early 1500’s was a time where Conquistadors set sail to find one life changing item‚ gold. Christopher Columbus had persuaded the king and queen of Spain to give him money so that he could sail to what he believed was
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“He breathed upon dead bodies and brought them into life. Nor sequent centuries could hit Orbit and sum of Shakespeare’s wit” (“no sweat Shakespeare”). This quote above was said by Ralph Waldo Emerson‚ a famous essayist inspired by Shakespeare’s works. William Shakespeare was a renowned author‚ poet‚ actor‚ and playwright. He has contributed to many components of life today such as; founding modern English language‚ contributing to literature‚ contributing to modern theater‚ and contributing many
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Rough Draft By: Bella Swarr “Free a man to fight” was a popular slogan for working women during WWII. How did women contribute to the war? When the U.S. was attacked by Japan at Pearl Harbor‚ America decided it was time to join the war effort. This required men to leave work and home to fight for their country. Before the war‚ women who worked had “traditionally female” professions which were sewing‚ typing‚ and stay at home mothers raising their children. When war began‚ “quickie marriages became
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MD. ZULKIPLI MATRIC NO : 1333430136 Dr. Abdullah bin osman Enron : Questionable Accounting Leads To Collapse History ENRON CORPORATION. Enron‚ a corporation headquartered in Houston‚ operated one of the largest natural gas transmission networks in North America‚ totaling over 36‚000 miles‚ in addition to being the largest marketer of natural gas and electricity in the United States. Enron managed the world’s largest portfolio of natural gas risk management contracts and
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American Texan’s history is important but the time periods that had the most impact were the Mexican National Era‚ the Civil War and Reconstruction‚ and the era of Civil Rights and Conservatism. The Mexican National Era took place around the 1820’s and the 1830’s. It
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As China was one of the world’s largest trading grounds‚ the plague spread very quickly. This plague was airborne and spread by infected rodents. During the 1330’s‚ nobody really had any knowledge about medicine and biology‚ so the cause of the Black Plague was left without a scientific explanation. Many people in Europe decided that the cause of the Black Plague was God’s punishment. This theory wasn’t very accurate
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active suppression‚ this dance was still favored by many and performed. In the sarabande’s early form in Spain‚ a double line of couples would perform the dance the using castanets and lively music. Throughout the Renaissance‚ as new ideas spread‚ so did the music and dance style of the sarabande‚ and this form came to France by the 17th century. Within the French courts‚ the Sarabande evolved into a slow stately dance that was popular in France. Scholars believe this dance form has either a Mexican
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to present the dogs with food and get them to salivate‚ but he began to realize there were deeper parts to this experiments that helped to lead the way to a new theory of behavior. In this experiment in the beginning‚ Pavlov noticed that not only did the dogs salivate to the actual food‚ but they began to eventually salivate at the presence of the lab coats the feeders wore. Once he noticed this‚ he tried it out with a bell. He would ring the bell every time the dogs were fed‚ and eventually‚ the
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