Two of the largest emitters of greenhouse gases (GHGs) recently agreed to provide investors with detailed information on the financial risks posed by climate change. On Aug. 26, 2008, the New York Attorney General’s Office entered into a settlement agreement with Xcel Energy, Inc. (Xcel) whereby Xcel agreed to include an analysis of the financial and physical impacts of climate change on the company’s operations in its public filings with the Securities and Exchange Commission (SEC). And on Oct. 23, 2008, Dynegy Inc. (Dynegy) entered into a similar agreement with the New York Attorney General’s Office.

Click here to full the article, Power Companies Agree to Expanded Disclosure of Climate Change Risk in Landmark Settlements with New York Attorney General