Bank of America is reportedly planning to launch an electricity derivatives trading desk in New York and has hired four former Enron traders to staff the operation. The quartet consists of Rogers Herndon, who heads the team, Gautam Gupta, John Suarez and Paul Broderick, according to market officials. David Mooney, global head of commodities, referred calls to BofA's media relations department. Jeff Hershberger, a spokesman in New York, said BofA is not currently a participant in the power derivatives market and does not comment on future business plans. Herndon referred calls to Mooney.
