PF Archive

Bosque replaces Lehman hedge

07 11 2008

Arcapita's Bosque project has replaced its heat rate hedge with Lehman Brothers Commodities Services, following the bankruptcy of the counterparty's parent. The new provider is Fulcrum Marketing and Trade, which is managed by Fulcrum Power Services and capitalised by Arcapita. The two essentially have the same roles with the Bosque project, with Arcapita majority owner and...