TFS Energy Completes a Series of Weather Auctions in Two Days
NEW YORK, November 13, 2006 – TFS Energy, LLC today announced its weather derivatives division completed a series of auctions that placed in excess of $10,000,000 of aggregated risk into the market. TFS Energy solicited bids for Average Temperature swaps and Costless Collar swaps on behalf of two end-users looking to offset their risk. Both auctions were oversubscribed in terms of the capacity that was available in the market. TFS Energy has hosted numerous auctions, including Dutch auctions that have ranged from $1 MM to $70 MM of transferred risk. Its weather desks are located in Stamford, London, and Sydney.
Inquiries
Kendall Johnson, Head of Weather Derivatives Group +1.203.967.0427
Jennifer Van Hofwegen, Head of Marketing and Communications +1.212.791.6491