In recent years, a debate has ensued regarding the role of long-term power purchase agreements for securing investments in power generation capacity in organized wholesale markets. This thesis illuminates the issues surrounding the debate and provides a framework for understanding the nature and...

The historical basis for a link between crude oil and natural gas prices was examined to determine whether one has existed in the past and exists in the present. Physical bases for a price relationship are examined. An econometric modeling exercise seeks to establish whether a stable price...