Winning bet on the spread between gas and coal/nuclear prices
A small group of investors made a bet last year that the spread between the cost of natural gas fired electricity and the cost of electricity from coal and nuclear power plants would increase. They recently cashed in on the bet, netting a profit of almost $5 BILLION on a $900 million dollar investment.
The story is described in Simon Romero’s article titled Texas power deal nets $5 billion which was originally published in the New York Times and was reprinted on 23 November 2005 in the International Herald Tribune.
Interesting reading that gives some response ammunition to people that continue to claim that no one wants to invest in nuclear power.
