20020062231-A1 is referenced by 1 patents.

A method and computerized system for reducing risk actually assumed by at least one of a plurality of parties, wherein at least one of the parties supplies electric power to at least one other of the parties, and if an unplanned at least partial failure to supply the electric power occurs, at least one of the parties assumes the risk. The method includes designating at least one factor associated with the supplying of electric power and for determining whether an unplanned at least partial failure to supply the electric power that occurs is a qualifying event; designating a compensation which will at least partially reduce the risk actually assumed by the at least one of the parties assuming the risk if the unplanned at least partial failure to supply the electric power occurs and is determined to be a qualifying event; and, establishing a relationship between the at least one of the parties assuming the risk and at least one other party. The at least one other party agrees to provide the compensation to the at least one of the parties assuming the risk if the unplanned at least partial failure to supply the electric power occurs and is determined to be a qualifying event.

Title
Method and computerized system for reducing risk in an energy industry
Application Number
9/814682
Publication Number
20020062231
Application Date
March 20, 2001
Publication Date
May 23, 2002
Inventor
Paul O neill
Marietta
GA, US
Gary Hawk
Monroe
GA, US
Kurt Husar
West Chester
PA, US
Dennis Kane
Island Heights
NJ, US
Mark Mayers
New York
NY, US
David Fromer
New York
NY, US
David Hoog
Bala Cynwyd
PA, US
Edward Zaccaria
Newtown
PA, US
Agent
Reed Smith
PA, US
Agent
Louis M Heidelberger Esq
PA, US
IPC
G06F 17/60
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