id	sid	tid	token	lemma	pos
cana-4615	1	1	communications	communication	NOUN
cana-4615	1	2	on	on	ADP
cana-4615	1	3	applied	apply	VERB
cana-4615	1	4	nonlinear	nonlinear	ADJ
cana-4615	1	5	analysis	analysis	NOUN
cana-4615	1	6	issn	issn	NOUN
cana-4615	1	7	:	:	PUNCT
cana-4615	1	8	1074	1074	NUM
cana-4615	1	9	-	-	PUNCT
cana-4615	1	10	133x	133x	NUM
cana-4615	1	11	vol	vol	NOUN
cana-4615	1	12	32	32	NUM
cana-4615	1	13	no	no	NOUN
cana-4615	1	14	.	.	NOUN
cana-4615	1	15	1	1	NUM
cana-4615	1	16	(	(	PUNCT
cana-4615	1	17	2025	2025	NUM
cana-4615	1	18	)	)	PUNCT
cana-4615	1	19	409	409	NUM
cana-4615	1	20	https://internationalpubls.com	https://internationalpubls.com	X
cana-4615	1	21	hedging	hedging	NOUN
cana-4615	1	22	basis	basis	NOUN
cana-4615	1	23	risk	risk	NOUN
cana-4615	1	24	in	in	ADP
cana-4615	1	25	power	power	NOUN
cana-4615	1	26	portfolio	portfolio	NOUN
cana-4615	1	27	using	use	VERB
cana-4615	1	28	principal	principal	ADJ
cana-4615	1	29	component	component	NOUN
cana-4615	1	30	analysis	analysis	NOUN
cana-4615	1	31	ritesh	ritesh	PROPN
cana-4615	1	32	kumar	kumar	PROPN
cana-4615	1	33	,	,	PUNCT
cana-4615	1	34	energy	energy	NOUN
cana-4615	1	35	risk	risk	NOUN
cana-4615	1	36	researcher	researcher	NOUN
cana-4615	1	37	,	,	PUNCT
cana-4615	1	38	department	department	NOUN
cana-4615	1	39	of	of	ADP
cana-4615	1	40	finance	finance	NOUN
cana-4615	1	41	/	/	SYM
cana-4615	1	42	energy	energy	NOUN
cana-4615	1	43	,	,	PUNCT
cana-4615	1	44	middle	middle	PROPN
cana-4615	1	45	georgia	georgia	PROPN
cana-4615	1	46	state	state	PROPN
cana-4615	1	47	university	university	PROPN
cana-4615	1	48	corresponding	corresponding	ADJ
cana-4615	1	49	email	email	NOUN
cana-4615	1	50	:	:	PUNCT
cana-4615	2	1	ritesh061176@gmail.com	ritesh061176@gmail.com	X
cana-4615	2	2	article	article	PROPN
cana-4615	2	3	history	history	NOUN
cana-4615	2	4	:	:	PUNCT
cana-4615	2	5	received	receive	VERB
cana-4615	2	6	:	:	PUNCT
cana-4615	2	7	12	12	NUM
cana-4615	2	8	-	-	SYM
cana-4615	2	9	01	01	NUM
cana-4615	2	10	-	-	PUNCT
cana-4615	2	11	2025	2025	NUM
cana-4615	2	12	revised	revise	VERB
cana-4615	2	13	:	:	PUNCT
cana-4615	2	14	15	15	NUM
cana-4615	2	15	-	-	NUM
cana-4615	2	16	02	02	NUM
cana-4615	2	17	-	-	PUNCT
cana-4615	2	18	2025	2025	NUM
cana-4615	2	19	accepted	accept	VERB
cana-4615	2	20	:	:	PUNCT
cana-4615	2	21	01	01	NUM
cana-4615	2	22	-	-	SYM
cana-4615	2	23	03	03	NUM
cana-4615	2	24	-	-	PUNCT
cana-4615	2	25	2025	2025	NUM
cana-4615	2	26	abstract	abstract	NOUN
cana-4615	2	27	:	:	PUNCT
cana-4615	2	28	there	there	PRON
cana-4615	2	29	has	have	AUX
cana-4615	2	30	been	be	AUX
cana-4615	2	31	many	many	ADJ
cana-4615	2	32	studies	study	NOUN
cana-4615	2	33	about	about	ADP
cana-4615	2	34	hedging	hedge	VERB
cana-4615	2	35	power	power	NOUN
cana-4615	2	36	prices	price	NOUN
cana-4615	2	37	but	but	CCONJ
cana-4615	2	38	most	most	ADJ
cana-4615	2	39	of	of	ADP
cana-4615	2	40	them	they	PRON
cana-4615	2	41	are	be	AUX
cana-4615	2	42	limited	limit	VERB
cana-4615	2	43	to	to	ADP
cana-4615	2	44	power	power	NOUN
cana-4615	2	45	price	price	NOUN
cana-4615	2	46	at	at	ADP
cana-4615	2	47	hub	hub	NOUN
cana-4615	2	48	.	.	PUNCT
cana-4615	3	1	this	this	DET
cana-4615	3	2	paper	paper	NOUN
cana-4615	3	3	studies	study	NOUN
cana-4615	3	4	the	the	DET
cana-4615	3	5	basis	basis	NOUN
cana-4615	3	6	risks	risk	NOUN
cana-4615	3	7	in	in	ADP
cana-4615	3	8	power	power	NOUN
cana-4615	3	9	portfolio	portfolio	NOUN
cana-4615	3	10	more	more	ADV
cana-4615	3	11	specifically	specifically	ADV
cana-4615	3	12	it	it	PRON
cana-4615	3	13	explain	explain	VERB
cana-4615	3	14	the	the	DET
cana-4615	3	15	basis	basis	NOUN
cana-4615	3	16	risks	risk	NOUN
cana-4615	3	17	present	present	ADJ
cana-4615	3	18	in	in	ADP
cana-4615	3	19	a	a	DET
cana-4615	3	20	power	power	NOUN
cana-4615	3	21	portfolio	portfolio	NOUN
cana-4615	3	22	,	,	PUNCT
cana-4615	3	23	the	the	DET
cana-4615	3	24	limitations	limitation	NOUN
cana-4615	3	25	of	of	ADP
cana-4615	3	26	hedging	hedge	VERB
cana-4615	3	27	these	these	DET
cana-4615	3	28	risks	risk	NOUN
cana-4615	3	29	and	and	CCONJ
cana-4615	3	30	develops	develop	VERB
cana-4615	3	31	a	a	DET
cana-4615	3	32	framework	framework	NOUN
cana-4615	3	33	to	to	PART
cana-4615	3	34	hedge	hedge	VERB
cana-4615	3	35	the	the	DET
cana-4615	3	36	basis	basis	NOUN
cana-4615	3	37	risk	risk	NOUN
cana-4615	3	38	using	use	VERB
cana-4615	3	39	principal	principal	ADJ
cana-4615	3	40	component	component	NOUN
cana-4615	3	41	analysis	analysis	NOUN
cana-4615	3	42	framework	framework	NOUN
cana-4615	3	43	.	.	PUNCT
cana-4615	4	1	keywords	keyword	NOUN
cana-4615	4	2	:	:	PUNCT
cana-4615	4	3	principal	principal	ADJ
cana-4615	4	4	component	component	NOUN
cana-4615	4	5	analysis	analysis	NOUN
cana-4615	4	6	,	,	PUNCT
cana-4615	4	7	basis	basis	NOUN
cana-4615	4	8	risks	risk	NOUN
cana-4615	4	9	,	,	PUNCT
cana-4615	4	10	power	power	NOUN
cana-4615	4	11	portfolio	portfolio	NOUN
cana-4615	4	12	,	,	PUNCT
cana-4615	4	13	pjm	pjm	PROPN
cana-4615	4	14	portfolio	portfolio	NOUN
cana-4615	4	15	,	,	PUNCT
cana-4615	4	16	electricity	electricity	NOUN
cana-4615	4	17	1	1	NUM
cana-4615	4	18	.	.	PUNCT
cana-4615	4	19	background	background	NOUN
cana-4615	4	20	unlike	unlike	ADP
cana-4615	4	21	financial	financial	ADJ
cana-4615	4	22	markets	market	NOUN
cana-4615	4	23	,	,	PUNCT
cana-4615	4	24	power	power	NOUN
cana-4615	4	25	markets	market	NOUN
cana-4615	4	26	are	be	AUX
cana-4615	4	27	highly	highly	ADV
cana-4615	4	28	locational	locational	ADJ
cana-4615	4	29	because	because	SCONJ
cana-4615	4	30	the	the	DET
cana-4615	4	31	production	production	NOUN
cana-4615	4	32	of	of	ADP
cana-4615	4	33	electricity	electricity	NOUN
cana-4615	4	34	happens	happen	VERB
cana-4615	4	35	at	at	ADP
cana-4615	4	36	one	one	NUM
cana-4615	4	37	geographical	geographical	ADJ
cana-4615	4	38	location	location	NOUN
cana-4615	4	39	and	and	CCONJ
cana-4615	4	40	consumption	consumption	NOUN
cana-4615	4	41	takes	take	VERB
cana-4615	4	42	place	place	NOUN
cana-4615	4	43	at	at	ADP
cana-4615	4	44	another	another	DET
cana-4615	4	45	geographical	geographical	ADJ
cana-4615	4	46	location	location	NOUN
cana-4615	4	47	.	.	PUNCT
cana-4615	5	1	power	power	NOUN
cana-4615	5	2	is	be	AUX
cana-4615	5	3	even	even	ADV
cana-4615	5	4	more	more	ADV
cana-4615	5	5	complicated	complicated	ADJ
cana-4615	5	6	because	because	SCONJ
cana-4615	5	7	unlike	unlike	ADP
cana-4615	5	8	gas	gas	NOUN
cana-4615	5	9	,	,	PUNCT
cana-4615	5	10	it	it	PRON
cana-4615	5	11	ca	can	AUX
cana-4615	5	12	n’t	not	PART
cana-4615	5	13	be	be	AUX
cana-4615	5	14	stored	store	VERB
cana-4615	5	15	and	and	CCONJ
cana-4615	5	16	needs	need	VERB
cana-4615	5	17	to	to	PART
cana-4615	5	18	be	be	AUX
cana-4615	5	19	transmitted	transmit	VERB
cana-4615	5	20	instantaneously	instantaneously	ADV
cana-4615	5	21	.	.	PUNCT
cana-4615	6	1	in	in	ADP
cana-4615	6	2	a	a	DET
cana-4615	6	3	given	give	VERB
cana-4615	6	4	iso	iso	NOUN
cana-4615	6	5	,	,	PUNCT
cana-4615	6	6	there	there	PRON
cana-4615	6	7	are	be	VERB
cana-4615	6	8	thousands	thousand	NOUN
cana-4615	6	9	of	of	ADP
cana-4615	6	10	generation	generation	NOUN
cana-4615	6	11	and	and	CCONJ
cana-4615	6	12	consumption	consumption	NOUN
cana-4615	6	13	points	point	NOUN
cana-4615	6	14	and	and	CCONJ
cana-4615	6	15	it	it	PRON
cana-4615	6	16	is	be	AUX
cana-4615	6	17	not	not	PART
cana-4615	6	18	possible	possible	ADJ
cana-4615	6	19	to	to	PART
cana-4615	6	20	have	have	VERB
cana-4615	6	21	sufficient	sufficient	ADJ
cana-4615	6	22	liquidity	liquidity	NOUN
cana-4615	6	23	at	at	ADP
cana-4615	6	24	each	each	PRON
cana-4615	6	25	of	of	ADP
cana-4615	6	26	these	these	DET
cana-4615	6	27	thousands	thousand	NOUN
cana-4615	6	28	of	of	ADP
cana-4615	6	29	locations	location	NOUN
cana-4615	6	30	;	;	PUNCT
cana-4615	6	31	this	this	PRON
cana-4615	6	32	has	have	AUX
cana-4615	6	33	lead	lead	VERB
cana-4615	6	34	to	to	PART
cana-4615	6	35	emergence	emergence	NOUN
cana-4615	6	36	of	of	ADP
cana-4615	6	37	concept	concept	NOUN
cana-4615	6	38	of	of	ADP
cana-4615	6	39	“	"	PUNCT
cana-4615	6	40	hubs	hub	NOUN
cana-4615	6	41	”	"	PUNCT
cana-4615	6	42	and	and	CCONJ
cana-4615	6	43	“	"	PUNCT
cana-4615	6	44	zones	zone	NOUN
cana-4615	6	45	”	"	PUNCT
cana-4615	6	46	which	which	PRON
cana-4615	6	47	are	be	AUX
cana-4615	6	48	representative	representative	ADJ
cana-4615	6	49	of	of	ADP
cana-4615	6	50	several	several	ADJ
cana-4615	6	51	generation/	generation/	NUM
cana-4615	6	52	consumptions	consumption	NOUN
cana-4615	6	53	points	point	NOUN
cana-4615	6	54	within	within	ADP
cana-4615	6	55	a	a	DET
cana-4615	6	56	particular	particular	ADJ
cana-4615	6	57	geography	geography	NOUN
cana-4615	6	58	.	.	PUNCT
cana-4615	7	1	the	the	DET
cana-4615	7	2	trading	trading	NOUN
cana-4615	7	3	for	for	ADP
cana-4615	7	4	all	all	DET
cana-4615	7	5	these	these	DET
cana-4615	7	6	generation	generation	NOUN
cana-4615	7	7	/	/	SYM
cana-4615	7	8	consumption	consumption	NOUN
cana-4615	7	9	points	point	NOUN
cana-4615	7	10	is	be	AUX
cana-4615	7	11	done	do	VERB
cana-4615	7	12	at	at	ADP
cana-4615	7	13	the	the	DET
cana-4615	7	14	hub	hub	NOUN
cana-4615	7	15	and/or	and/or	CCONJ
cana-4615	7	16	zone	zone	PROPN
cana-4615	7	17	.	.	PUNCT
cana-4615	8	1	these	these	DET
cana-4615	8	2	hubs	hub	NOUN
cana-4615	8	3	and	and	CCONJ
cana-4615	8	4	zones	zone	NOUN
cana-4615	8	5	are	be	AUX
cana-4615	8	6	liquid	liquid	ADJ
cana-4615	8	7	enough	enough	ADV
cana-4615	8	8	for	for	SCONJ
cana-4615	8	9	market	market	NOUN
cana-4615	8	10	participant	participant	NOUN
cana-4615	8	11	to	to	PART
cana-4615	8	12	take	take	VERB
cana-4615	8	13	position	position	NOUN
cana-4615	8	14	but	but	CCONJ
cana-4615	8	15	then	then	ADV
cana-4615	8	16	it	it	PRON
cana-4615	8	17	leads	lead	VERB
cana-4615	8	18	to	to	ADP
cana-4615	8	19	basis	basis	NOUN
cana-4615	8	20	risks	risk	NOUN
cana-4615	8	21	between	between	ADP
cana-4615	8	22	the	the	DET
cana-4615	8	23	generation	generation	NOUN
cana-4615	8	24	/	/	SYM
cana-4615	8	25	consumption	consumption	NOUN
cana-4615	8	26	point	point	NOUN
cana-4615	8	27	and	and	CCONJ
cana-4615	8	28	the	the	DET
cana-4615	8	29	corresponding	corresponding	ADJ
cana-4615	8	30	hub	hub	PROPN
cana-4615	8	31	/	/	SYM
cana-4615	8	32	zone	zone	NOUN
cana-4615	8	33	.	.	PUNCT
cana-4615	9	1	most	most	ADJ
cana-4615	9	2	trading	trading	NOUN
cana-4615	9	3	shops	shop	NOUN
cana-4615	9	4	,	,	PUNCT
cana-4615	9	5	merchant	merchant	NOUN
cana-4615	9	6	generators	generator	NOUN
cana-4615	9	7	and	and	CCONJ
cana-4615	9	8	utilities	utility	NOUN
cana-4615	9	9	have	have	VERB
cana-4615	9	10	a	a	DET
cana-4615	9	11	portfolio	portfolio	NOUN
cana-4615	9	12	spread	spread	VERB
cana-4615	9	13	out	out	ADP
cana-4615	9	14	within	within	ADP
cana-4615	9	15	multiples	multiple	NOUN
cana-4615	9	16	zones	zone	NOUN
cana-4615	9	17	within	within	ADP
cana-4615	9	18	an	an	DET
cana-4615	9	19	iso	iso	NOUN
cana-4615	9	20	.	.	PUNCT
cana-4615	10	1	if	if	SCONJ
cana-4615	10	2	there	there	PRON
cana-4615	10	3	is	be	VERB
cana-4615	10	4	a	a	DET
cana-4615	10	5	merchant	merchant	NOUN
cana-4615	10	6	generation	generation	NOUN
cana-4615	10	7	,	,	PUNCT
cana-4615	10	8	then	then	ADV
cana-4615	10	9	most	most	ADV
cana-4615	10	10	likely	likely	ADJ
cana-4615	10	11	it	it	PRON
cana-4615	10	12	has	have	VERB
cana-4615	10	13	generation	generation	NOUN
cana-4615	10	14	assets	asset	NOUN
cana-4615	10	15	located	locate	VERB
cana-4615	10	16	in	in	ADP
cana-4615	10	17	multiple	multiple	ADJ
cana-4615	10	18	zones	zone	NOUN
cana-4615	10	19	.	.	PUNCT
cana-4615	11	1	similarly	similarly	ADV
cana-4615	11	2	,	,	PUNCT
cana-4615	11	3	if	if	SCONJ
cana-4615	11	4	there	there	PRON
cana-4615	11	5	is	be	VERB
cana-4615	11	6	a	a	DET
cana-4615	11	7	load	load	NOUN
cana-4615	11	8	serving	serve	VERB
cana-4615	11	9	utility	utility	NOUN
cana-4615	11	10	then	then	ADV
cana-4615	11	11	most	most	ADV
cana-4615	11	12	likely	likely	ADJ
cana-4615	11	13	it	it	PRON
cana-4615	11	14	serves	serve	VERB
cana-4615	11	15	load	load	NOUN
cana-4615	11	16	across	across	ADP
cana-4615	11	17	multiple	multiple	ADJ
cana-4615	11	18	zones	zone	NOUN
cana-4615	11	19	.	.	PUNCT
cana-4615	12	1	these	these	DET
cana-4615	12	2	entities	entity	NOUN
cana-4615	12	3	hedge	hedge	VERB
cana-4615	12	4	their	their	PRON
cana-4615	12	5	exposure	exposure	NOUN
cana-4615	12	6	at	at	ADP
cana-4615	12	7	the	the	DET
cana-4615	12	8	liquid	liquid	ADJ
cana-4615	12	9	hub	hub	NOUN
cana-4615	12	10	/	/	SYM
cana-4615	12	11	zones	zone	NOUN
cana-4615	12	12	and	and	CCONJ
cana-4615	12	13	then	then	ADV
cana-4615	12	14	they	they	PRON
cana-4615	12	15	are	be	AUX
cana-4615	12	16	exposed	expose	VERB
cana-4615	12	17	to	to	ADP
cana-4615	12	18	basis	basis	NOUN
cana-4615	12	19	risks	risk	NOUN
cana-4615	12	20	.	.	PUNCT
cana-4615	13	1	there	there	PRON
cana-4615	13	2	have	have	AUX
cana-4615	13	3	been	be	AUX
cana-4615	13	4	some	some	DET
cana-4615	13	5	studies	study	NOUN
cana-4615	13	6	about	about	ADP
cana-4615	13	7	hedging	hedge	VERB
cana-4615	13	8	power	power	NOUN
cana-4615	13	9	risks	risk	NOUN
cana-4615	13	10	using	use	VERB
cana-4615	13	11	energy	energy	NOUN
cana-4615	13	12	futures	future	NOUN
cana-4615	13	13	and	and	CCONJ
cana-4615	13	14	forwads	forwad	NOUN
cana-4615	13	15	but	but	CCONJ
cana-4615	13	16	most	most	ADJ
cana-4615	13	17	of	of	ADP
cana-4615	13	18	them	they	PRON
cana-4615	13	19	are	be	AUX
cana-4615	13	20	limited	limit	VERB
cana-4615	13	21	to	to	ADP
cana-4615	13	22	hubs	hubs	NOUN
cana-4615	13	23	/	/	SYM
cana-4615	13	24	zones	zone	NOUN
cana-4615	13	25	(	(	PUNCT
cana-4615	13	26	byström	byström	NOUN
cana-4615	13	27	,	,	PUNCT
cana-4615	13	28	2003	2003	NUM
cana-4615	13	29	;	;	PUNCT
cana-4615	13	30	zanotti	zanotti	PROPN
cana-4615	13	31	&	&	CCONJ
cana-4615	13	32	gabbi	gabbi	PROPN
cana-4615	13	33	&	&	CCONJ
cana-4615	13	34	geranio	geranio	PROPN
cana-4615	13	35	,	,	PUNCT
cana-4615	13	36	2010	2010	NUM
cana-4615	13	37	;	;	PUNCT
cana-4615	13	38	hanly	hanly	ADV
cana-4615	13	39	&	&	CCONJ
cana-4615	13	40	mailto:ritesh061176@gmail.com	mailto:ritesh061176@gmail.com	PROPN
cana-4615	13	41	communications	communication	NOUN
cana-4615	13	42	on	on	ADP
cana-4615	13	43	applied	apply	VERB
cana-4615	13	44	nonlinear	nonlinear	ADJ
cana-4615	13	45	analysis	analysis	NOUN
cana-4615	13	46	issn	issn	NOUN
cana-4615	13	47	:	:	PUNCT
cana-4615	13	48	1074	1074	NUM
cana-4615	13	49	-	-	PUNCT
cana-4615	13	50	133x	133x	NUM
cana-4615	13	51	vol	vol	NOUN
cana-4615	13	52	32	32	NUM
cana-4615	13	53	no	no	NOUN
cana-4615	13	54	.	.	NOUN
cana-4615	13	55	1	1	NUM
cana-4615	13	56	(	(	PUNCT
cana-4615	13	57	2025	2025	NUM
cana-4615	13	58	)	)	PUNCT
cana-4615	13	59	410	410	NUM
cana-4615	13	60	https://internationalpubls.com	https://internationalpubls.com	X
cana-4615	13	61	morales	morale	NOUN
cana-4615	13	62	&	&	CCONJ
cana-4615	13	63	cassells	cassell	NOUN
cana-4615	13	64	,	,	PUNCT
cana-4615	13	65	2018	2018	NUM
cana-4615	13	66	)	)	PUNCT
cana-4615	13	67	.	.	PUNCT
cana-4615	14	1	power	power	NOUN
cana-4615	14	2	portfolio	portfolio	NOUN
cana-4615	14	3	do	do	AUX
cana-4615	14	4	have	have	VERB
cana-4615	14	5	substantial	substantial	ADJ
cana-4615	14	6	basis	basis	NOUN
cana-4615	14	7	risk	risk	NOUN
cana-4615	14	8	and	and	CCONJ
cana-4615	14	9	the	the	DET
cana-4615	14	10	purpose	purpose	NOUN
cana-4615	14	11	of	of	ADP
cana-4615	14	12	this	this	DET
cana-4615	14	13	paper	paper	NOUN
cana-4615	14	14	is	be	AUX
cana-4615	14	15	to	to	PART
cana-4615	14	16	explain	explain	VERB
cana-4615	14	17	these	these	DET
cana-4615	14	18	risks	risk	NOUN
cana-4615	14	19	and	and	CCONJ
cana-4615	14	20	propose	propose	VERB
cana-4615	14	21	a	a	DET
cana-4615	14	22	model	model	NOUN
cana-4615	14	23	to	to	PART
cana-4615	14	24	hedge	hedge	VERB
cana-4615	14	25	basis	basis	NOUN
cana-4615	14	26	risks	risk	NOUN
cana-4615	14	27	in	in	ADP
cana-4615	14	28	power	power	NOUN
cana-4615	14	29	portfolio	portfolio	NOUN
cana-4615	14	30	.	.	PUNCT
cana-4615	15	1	most	most	ADJ
cana-4615	15	2	of	of	ADP
cana-4615	15	3	the	the	DET
cana-4615	15	4	portfolio	portfolio	NOUN
cana-4615	15	5	managers	manager	NOUN
cana-4615	15	6	are	be	AUX
cana-4615	15	7	“	"	PUNCT
cana-4615	15	8	basis	basis	NOUN
cana-4615	15	9	takers	taker	NOUN
cana-4615	15	10	”	"	PUNCT
cana-4615	15	11	i.e.	i.e.	X
cana-4615	15	12	they	they	PRON
cana-4615	15	13	do	do	AUX
cana-4615	15	14	n’t	not	PART
cana-4615	15	15	do	do	VERB
cana-4615	15	16	anything	anything	PRON
cana-4615	15	17	to	to	PART
cana-4615	15	18	hedge	hedge	VERB
cana-4615	15	19	the	the	DET
cana-4615	15	20	basis	basis	NOUN
cana-4615	15	21	position	position	NOUN
cana-4615	15	22	.	.	PUNCT
cana-4615	16	1	the	the	DET
cana-4615	16	2	primary	primary	ADJ
cana-4615	16	3	reason	reason	NOUN
cana-4615	16	4	for	for	ADP
cana-4615	16	5	this	this	PRON
cana-4615	16	6	is	be	AUX
cana-4615	16	7	the	the	DET
cana-4615	16	8	illiquidity	illiquidity	NOUN
cana-4615	16	9	of	of	ADP
cana-4615	16	10	basis	basis	NOUN
cana-4615	16	11	.	.	PUNCT
cana-4615	17	1	even	even	ADV
cana-4615	17	2	if	if	SCONJ
cana-4615	17	3	some	some	DET
cana-4615	17	4	market	market	NOUN
cana-4615	17	5	participants	participant	NOUN
cana-4615	17	6	are	be	AUX
cana-4615	17	7	willing	willing	ADJ
cana-4615	17	8	to	to	PART
cana-4615	17	9	sell	sell	VERB
cana-4615	17	10	the	the	DET
cana-4615	17	11	basis	basis	NOUN
cana-4615	17	12	,	,	PUNCT
cana-4615	17	13	the	the	DET
cana-4615	17	14	bid	bid	NOUN
cana-4615	17	15	-	-	PUNCT
cana-4615	17	16	ask	ask	NOUN
cana-4615	17	17	spread	spread	NOUN
cana-4615	17	18	is	be	AUX
cana-4615	17	19	very	very	ADV
cana-4615	17	20	large	large	ADJ
cana-4615	17	21	which	which	PRON
cana-4615	17	22	makes	make	VERB
cana-4615	17	23	the	the	DET
cana-4615	17	24	economics	economic	NOUN
cana-4615	17	25	of	of	ADP
cana-4615	17	26	hedge	hedge	NOUN
cana-4615	17	27	unattractive	unattractive	ADJ
cana-4615	17	28	.	.	PUNCT
cana-4615	18	1	also	also	ADV
cana-4615	18	2	,	,	PUNCT
cana-4615	18	3	if	if	SCONJ
cana-4615	18	4	a	a	DET
cana-4615	18	5	basis	basis	NOUN
cana-4615	18	6	position	position	NOUN
cana-4615	18	7	is	be	AUX
cana-4615	18	8	being	be	AUX
cana-4615	18	9	offered	offer	VERB
cana-4615	18	10	,	,	PUNCT
cana-4615	18	11	then	then	ADV
cana-4615	18	12	there	there	PRON
cana-4615	18	13	is	be	VERB
cana-4615	18	14	not	not	PART
cana-4615	18	15	large	large	ADJ
cana-4615	18	16	enough	enough	ADJ
cana-4615	18	17	offer	offer	NOUN
cana-4615	18	18	(	(	PUNCT
cana-4615	18	19	mws	mws	NOUN
cana-4615	18	20	)	)	PUNCT
cana-4615	18	21	.	.	PUNCT
cana-4615	19	1	in	in	ADP
cana-4615	19	2	some	some	DET
cana-4615	19	3	cases	case	NOUN
cana-4615	19	4	,	,	PUNCT
cana-4615	19	5	portfolio	portfolio	NOUN
cana-4615	19	6	managers	manager	NOUN
cana-4615	19	7	do	do	AUX
cana-4615	19	8	n’t	not	PART
cana-4615	19	9	bother	bother	VERB
cana-4615	19	10	to	to	PART
cana-4615	19	11	hedge	hedge	VERB
cana-4615	19	12	the	the	DET
cana-4615	19	13	basis	basis	NOUN
cana-4615	19	14	risks	risk	NOUN
cana-4615	19	15	because	because	SCONJ
cana-4615	19	16	the	the	DET
cana-4615	19	17	“	"	PUNCT
cana-4615	19	18	forward	forward	ADJ
cana-4615	19	19	value	value	NOUN
cana-4615	19	20	”	"	PUNCT
cana-4615	19	21	is	be	AUX
cana-4615	19	22	low	low	ADJ
cana-4615	19	23	.	.	PUNCT
cana-4615	20	1	but	but	CCONJ
cana-4615	20	2	if	if	SCONJ
cana-4615	20	3	the	the	DET
cana-4615	20	4	month	month	NOUN
cana-4615	20	5	witness	witness	NOUN
cana-4615	20	6	extreme	extreme	ADJ
cana-4615	20	7	weather	weather	NOUN
cana-4615	20	8	events	event	NOUN
cana-4615	20	9	,	,	PUNCT
cana-4615	20	10	then	then	ADV
cana-4615	20	11	basis	basis	NOUN
cana-4615	20	12	can	can	AUX
cana-4615	20	13	explode	explode	VERB
cana-4615	20	14	or	or	CCONJ
cana-4615	20	15	implode	implode	NOUN
cana-4615	20	16	leading	lead	VERB
cana-4615	20	17	to	to	ADP
cana-4615	20	18	huge	huge	ADJ
cana-4615	20	19	large	large	ADJ
cana-4615	20	20	$	$	SYM
cana-4615	20	21	impact	impact	NOUN
cana-4615	20	22	.	.	PUNCT
cana-4615	21	1	this	this	DET
cana-4615	21	2	impact	impact	NOUN
cana-4615	21	3	can	can	AUX
cana-4615	21	4	be	be	AUX
cana-4615	21	5	so	so	ADV
cana-4615	21	6	large	large	ADJ
cana-4615	21	7	that	that	SCONJ
cana-4615	21	8	it	it	PRON
cana-4615	21	9	can	can	AUX
cana-4615	21	10	drive	drive	VERB
cana-4615	21	11	entities	entity	NOUN
cana-4615	21	12	to	to	ADP
cana-4615	21	13	bankruptcy	bankruptcy	NOUN
cana-4615	21	14	and	and	CCONJ
cana-4615	21	15	we	we	PRON
cana-4615	21	16	have	have	VERB
cana-4615	21	17	enough	enough	ADJ
cana-4615	21	18	evidence	evidence	NOUN
cana-4615	21	19	of	of	ADP
cana-4615	21	20	this	this	PRON
cana-4615	21	21	within	within	ADP
cana-4615	21	22	united	united	PROPN
cana-4615	21	23	states	states	PROPN
cana-4615	21	24	.	.	PUNCT
cana-4615	22	1	2	2	X
cana-4615	22	2	.	.	X
cana-4615	22	3	drivers	driver	NOUN
cana-4615	22	4	of	of	ADP
cana-4615	22	5	zonal	zonal	ADJ
cana-4615	22	6	basis	basis	NOUN
cana-4615	22	7	the	the	DET
cana-4615	22	8	basis	basis	NOUN
cana-4615	22	9	is	be	AUX
cana-4615	22	10	stochastic	stochastic	ADJ
cana-4615	22	11	and	and	CCONJ
cana-4615	22	12	is	be	AUX
cana-4615	22	13	a	a	DET
cana-4615	22	14	function	function	NOUN
cana-4615	22	15	of	of	ADP
cana-4615	22	16	several	several	ADJ
cana-4615	22	17	grid	grid	NOUN
cana-4615	22	18	parameters	parameter	NOUN
cana-4615	22	19	.	.	PUNCT
cana-4615	23	1	2.1	2.1	NUM
cana-4615	23	2	.	.	PUNCT
cana-4615	23	3	difference	difference	NOUN
cana-4615	23	4	between	between	ADP
cana-4615	23	5	load	load	NOUN
cana-4615	23	6	and	and	CCONJ
cana-4615	23	7	generation	generation	NOUN
cana-4615	23	8	within	within	ADP
cana-4615	23	9	the	the	DET
cana-4615	23	10	zone	zone	NOUN
cana-4615	23	11	:	:	PUNCT
cana-4615	23	12	if	if	SCONJ
cana-4615	23	13	the	the	DET
cana-4615	23	14	generation	generation	NOUN
cana-4615	23	15	within	within	ADP
cana-4615	23	16	a	a	DET
cana-4615	23	17	zone	zone	NOUN
cana-4615	23	18	is	be	AUX
cana-4615	23	19	enough	enough	ADJ
cana-4615	23	20	to	to	PART
cana-4615	23	21	serve	serve	VERB
cana-4615	23	22	the	the	DET
cana-4615	23	23	load	load	NOUN
cana-4615	23	24	within	within	ADP
cana-4615	23	25	the	the	DET
cana-4615	23	26	zone	zone	NOUN
cana-4615	23	27	then	then	ADV
cana-4615	23	28	the	the	DET
cana-4615	23	29	basis	basis	NOUN
cana-4615	23	30	is	be	AUX
cana-4615	23	31	not	not	PART
cana-4615	23	32	large	large	ADJ
cana-4615	23	33	.	.	PUNCT
cana-4615	24	1	but	but	CCONJ
cana-4615	24	2	if	if	SCONJ
cana-4615	24	3	there	there	PRON
cana-4615	24	4	is	be	VERB
cana-4615	24	5	a	a	DET
cana-4615	24	6	mismatch	mismatch	NOUN
cana-4615	24	7	between	between	ADP
cana-4615	24	8	load	load	NOUN
cana-4615	24	9	and	and	CCONJ
cana-4615	24	10	generation	generation	NOUN
cana-4615	24	11	is	be	AUX
cana-4615	24	12	large	large	ADJ
cana-4615	24	13	,	,	PUNCT
cana-4615	24	14	basis	basis	NOUN
cana-4615	24	15	starts	start	VERB
cana-4615	24	16	to	to	PART
cana-4615	24	17	increase	increase	VERB
cana-4615	24	18	.	.	PUNCT
cana-4615	25	1	if	if	SCONJ
cana-4615	25	2	an	an	DET
cana-4615	25	3	extreme	extreme	ADJ
cana-4615	25	4	weather	weather	NOUN
cana-4615	25	5	event	event	NOUN
cana-4615	25	6	has	have	AUX
cana-4615	25	7	happened	happen	VERB
cana-4615	25	8	e.g.	e.g.	ADV
cana-4615	25	9	extreme	extreme	ADJ
cana-4615	25	10	hot	hot	ADJ
cana-4615	25	11	or	or	CCONJ
cana-4615	25	12	cold	cold	ADJ
cana-4615	25	13	,	,	PUNCT
cana-4615	25	14	then	then	ADV
cana-4615	25	15	zone	zone	NOUN
cana-4615	25	16	has	have	VERB
cana-4615	25	17	to	to	PART
cana-4615	25	18	procure	procure	VERB
cana-4615	25	19	power	power	NOUN
cana-4615	25	20	from	from	ADP
cana-4615	25	21	other	other	ADJ
cana-4615	25	22	zones	zone	NOUN
cana-4615	25	23	and	and	CCONJ
cana-4615	25	24	most	most	ADV
cana-4615	25	25	likely	likely	ADJ
cana-4615	25	26	from	from	ADP
cana-4615	25	27	non	non	ADJ
cana-4615	25	28	-	-	ADJ
cana-4615	25	29	economical	economical	ADJ
cana-4615	25	30	units	unit	NOUN
cana-4615	25	31	leading	lead	VERB
cana-4615	25	32	to	to	PART
cana-4615	25	33	increase	increase	VERB
cana-4615	25	34	in	in	ADP
cana-4615	25	35	basis	basis	NOUN
cana-4615	25	36	.	.	PUNCT
cana-4615	26	1	similarly	similarly	ADV
cana-4615	26	2	,	,	PUNCT
cana-4615	26	3	say	say	VERB
cana-4615	26	4	if	if	SCONJ
cana-4615	26	5	the	the	DET
cana-4615	26	6	zonal	zonal	ADJ
cana-4615	26	7	load	load	NOUN
cana-4615	26	8	drops	drop	VERB
cana-4615	26	9	drastically	drastically	ADV
cana-4615	26	10	then	then	ADV
cana-4615	26	11	the	the	DET
cana-4615	26	12	zone	zone	NOUN
cana-4615	26	13	will	will	AUX
cana-4615	26	14	have	have	VERB
cana-4615	26	15	excess	excess	ADJ
cana-4615	26	16	generation	generation	NOUN
cana-4615	26	17	leading	lead	VERB
cana-4615	26	18	to	to	ADP
cana-4615	26	19	large	large	ADJ
cana-4615	26	20	drop	drop	NOUN
cana-4615	26	21	in	in	ADP
cana-4615	26	22	basis	basis	NOUN
cana-4615	26	23	.	.	PUNCT
cana-4615	27	1	2.2	2.2	NUM
cana-4615	27	2	.	.	PUNCT
cana-4615	27	3	transmission	transmission	NOUN
cana-4615	27	4	infrastructure	infrastructure	NOUN
cana-4615	27	5	:	:	PUNCT
cana-4615	27	6	if	if	SCONJ
cana-4615	27	7	the	the	DET
cana-4615	27	8	transmission	transmission	NOUN
cana-4615	27	9	infrastructure	infrastructure	NOUN
cana-4615	27	10	is	be	AUX
cana-4615	27	11	not	not	PART
cana-4615	27	12	sufficient	sufficient	ADJ
cana-4615	27	13	to	to	PART
cana-4615	27	14	transmit	transmit	VERB
cana-4615	27	15	the	the	DET
cana-4615	27	16	power	power	NOUN
cana-4615	27	17	from	from	ADP
cana-4615	27	18	source	source	NOUN
cana-4615	27	19	to	to	PART
cana-4615	27	20	sink	sink	VERB
cana-4615	27	21	then	then	ADV
cana-4615	27	22	it	it	PRON
cana-4615	27	23	leads	lead	VERB
cana-4615	27	24	to	to	ADP
cana-4615	27	25	congestion	congestion	NOUN
cana-4615	27	26	in	in	ADP
cana-4615	27	27	the	the	DET
cana-4615	27	28	grid	grid	NOUN
cana-4615	27	29	.	.	PUNCT
cana-4615	28	1	in	in	ADP
cana-4615	28	2	such	such	DET
cana-4615	28	3	a	a	DET
cana-4615	28	4	scenario	scenario	NOUN
cana-4615	28	5	,	,	PUNCT
cana-4615	28	6	the	the	DET
cana-4615	28	7	more	more	ADV
cana-4615	28	8	expensive	expensive	ADJ
cana-4615	28	9	units	unit	NOUN
cana-4615	28	10	within	within	ADP
cana-4615	28	11	a	a	DET
cana-4615	28	12	zone	zone	NOUN
cana-4615	28	13	have	have	VERB
cana-4615	28	14	to	to	PART
cana-4615	28	15	come	come	VERB
cana-4615	28	16	online	online	ADV
cana-4615	28	17	to	to	PART
cana-4615	28	18	meet	meet	VERB
cana-4615	28	19	the	the	DET
cana-4615	28	20	load	load	NOUN
cana-4615	28	21	obligation	obligation	NOUN
cana-4615	28	22	leading	lead	VERB
cana-4615	28	23	to	to	ADP
cana-4615	28	24	large	large	ADJ
cana-4615	28	25	basis	basis	NOUN
cana-4615	28	26	.	.	PUNCT
cana-4615	29	1	2.3	2.3	NUM
cana-4615	29	2	.	.	PUNCT
cana-4615	29	3	supply	supply	NOUN
cana-4615	29	4	stack	stack	NOUN
cana-4615	29	5	:	:	PUNCT
cana-4615	29	6	supply	supply	NOUN
cana-4615	29	7	stack	stack	NOUN
cana-4615	29	8	can	can	AUX
cana-4615	29	9	impact	impact	VERB
cana-4615	29	10	basis	basis	NOUN
cana-4615	29	11	in	in	ADP
cana-4615	29	12	multiple	multiple	ADJ
cana-4615	29	13	ways	way	NOUN
cana-4615	29	14	:	:	PUNCT
cana-4615	29	15	•	•	ADP
cana-4615	29	16	if	if	SCONJ
cana-4615	29	17	generation	generation	NOUN
cana-4615	29	18	units	unit	NOUN
cana-4615	29	19	in	in	ADP
cana-4615	29	20	a	a	DET
cana-4615	29	21	zone	zone	NOUN
cana-4615	29	22	are	be	AUX
cana-4615	29	23	old	old	ADJ
cana-4615	29	24	and	and	CCONJ
cana-4615	29	25	are	be	AUX
cana-4615	29	26	susceptible	susceptible	ADJ
cana-4615	29	27	to	to	ADP
cana-4615	29	28	trips	trip	NOUN
cana-4615	29	29	/	/	SYM
cana-4615	29	30	unplanned	unplanned	ADJ
cana-4615	29	31	outage	outage	NOUN
cana-4615	29	32	then	then	ADV
cana-4615	29	33	any	any	DET
cana-4615	29	34	outage	outage	NOUN
cana-4615	29	35	of	of	ADP
cana-4615	29	36	such	such	ADJ
cana-4615	29	37	plants	plant	NOUN
cana-4615	29	38	,	,	PUNCT
cana-4615	29	39	will	will	AUX
cana-4615	29	40	cause	cause	VERB
cana-4615	29	41	mismatch	mismatch	NOUN
cana-4615	29	42	in	in	ADP
cana-4615	29	43	load	load	NOUN
cana-4615	29	44	and	and	CCONJ
cana-4615	29	45	generation	generation	NOUN
cana-4615	29	46	and	and	CCONJ
cana-4615	29	47	an	an	DET
cana-4615	29	48	increase	increase	NOUN
cana-4615	29	49	in	in	ADP
cana-4615	29	50	basis	basis	NOUN
cana-4615	29	51	.	.	PUNCT
cana-4615	30	1	•	•	INTJ
cana-4615	30	2	if	if	SCONJ
cana-4615	30	3	the	the	DET
cana-4615	30	4	supply	supply	NOUN
cana-4615	30	5	stack	stack	NOUN
cana-4615	30	6	is	be	AUX
cana-4615	30	7	heavily	heavily	ADV
cana-4615	30	8	composed	compose	VERB
cana-4615	30	9	of	of	ADP
cana-4615	30	10	intermittent	intermittent	ADJ
cana-4615	30	11	generation	generation	NOUN
cana-4615	30	12	like	like	ADP
cana-4615	30	13	solar	solar	ADJ
cana-4615	30	14	/	/	SYM
cana-4615	30	15	wind	wind	NOUN
cana-4615	30	16	/	/	SYM
cana-4615	30	17	hydro/	hydro/	NUM
cana-4615	30	18	battery	battery	NOUN
cana-4615	30	19	then	then	ADV
cana-4615	30	20	it	it	PRON
cana-4615	30	21	can	can	AUX
cana-4615	30	22	impact	impact	VERB
cana-4615	30	23	the	the	DET
cana-4615	30	24	basis	basis	NOUN
cana-4615	30	25	.	.	PUNCT
cana-4615	31	1	the	the	DET
cana-4615	31	2	wind/	wind/	NUM
cana-4615	31	3	solar	solar	ADJ
cana-4615	31	4	generation	generation	NOUN
cana-4615	31	5	is	be	AUX
cana-4615	31	6	stochastic	stochastic	ADJ
cana-4615	31	7	and	and	CCONJ
cana-4615	31	8	if	if	SCONJ
cana-4615	31	9	they	they	PRON
cana-4615	31	10	underproduce	underproduce	VERB
cana-4615	31	11	or	or	CCONJ
cana-4615	31	12	overproduce	overproduce	NOUN
cana-4615	31	13	then	then	ADV
cana-4615	31	14	it	it	PRON
cana-4615	31	15	can	can	AUX
cana-4615	31	16	lead	lead	VERB
cana-4615	31	17	to	to	PART
cana-4615	31	18	mismatch	mismatch	VERB
cana-4615	31	19	in	in	ADP
cana-4615	31	20	load	load	NOUN
cana-4615	31	21	and	and	CCONJ
cana-4615	31	22	generation	generation	NOUN
cana-4615	31	23	leading	lead	VERB
cana-4615	31	24	to	to	ADP
cana-4615	31	25	large	large	ADJ
cana-4615	31	26	swings	swing	NOUN
cana-4615	31	27	in	in	ADP
cana-4615	31	28	basis	basis	NOUN
cana-4615	31	29	.	.	PUNCT
cana-4615	32	1	communications	communication	NOUN
cana-4615	32	2	on	on	ADP
cana-4615	32	3	applied	apply	VERB
cana-4615	32	4	nonlinear	nonlinear	ADJ
cana-4615	32	5	analysis	analysis	NOUN
cana-4615	32	6	issn	issn	NOUN
cana-4615	32	7	:	:	PUNCT
cana-4615	32	8	1074	1074	NUM
cana-4615	32	9	-	-	PUNCT
cana-4615	32	10	133x	133x	NUM
cana-4615	32	11	vol	vol	NOUN
cana-4615	32	12	32	32	NUM
cana-4615	32	13	no	no	NOUN
cana-4615	32	14	.	.	NOUN
cana-4615	32	15	1	1	NUM
cana-4615	32	16	(	(	PUNCT
cana-4615	32	17	2025	2025	NUM
cana-4615	32	18	)	)	PUNCT
cana-4615	32	19	411	411	NUM
cana-4615	32	20	https://internationalpubls.com	https://internationalpubls.com	X
cana-4615	32	21	3	3	X
cana-4615	32	22	.	.	PUNCT
cana-4615	32	23	power	power	NOUN
cana-4615	32	24	portfolio	portfolio	NOUN
cana-4615	32	25	basis	basis	NOUN
cana-4615	32	26	risks	risk	NOUN
cana-4615	32	27	if	if	SCONJ
cana-4615	32	28	a	a	DET
cana-4615	32	29	power	power	NOUN
cana-4615	32	30	portfolio	portfolio	NOUN
cana-4615	32	31	has	have	VERB
cana-4615	32	32	exposure	exposure	NOUN
cana-4615	32	33	to	to	ADP
cana-4615	32	34	one	one	NUM
cana-4615	32	35	or	or	CCONJ
cana-4615	32	36	two	two	NUM
cana-4615	32	37	basis	basis	NOUN
cana-4615	32	38	then	then	ADV
cana-4615	32	39	things	thing	NOUN
cana-4615	32	40	are	be	AUX
cana-4615	32	41	not	not	PART
cana-4615	32	42	as	as	ADV
cana-4615	32	43	complicated	complicated	ADJ
cana-4615	32	44	.	.	PUNCT
cana-4615	33	1	may	may	AUX
cana-4615	33	2	be	be	AUX
cana-4615	33	3	the	the	DET
cana-4615	33	4	portfolio	portfolio	NOUN
cana-4615	33	5	manager	manager	NOUN
cana-4615	33	6	manages	manage	VERB
cana-4615	33	7	to	to	PART
cana-4615	33	8	find	find	VERB
cana-4615	33	9	a	a	DET
cana-4615	33	10	counterparty	counterparty	NOUN
cana-4615	33	11	which	which	PRON
cana-4615	33	12	can	can	AUX
cana-4615	33	13	sell	sell	VERB
cana-4615	33	14	the	the	DET
cana-4615	33	15	basis	basis	NOUN
cana-4615	33	16	mws	mws	NOUN
cana-4615	33	17	.	.	PUNCT
cana-4615	34	1	the	the	DET
cana-4615	34	2	problem	problem	NOUN
cana-4615	34	3	arises	arise	VERB
cana-4615	34	4	when	when	SCONJ
cana-4615	34	5	portfolio	portfolio	NOUN
cana-4615	34	6	is	be	AUX
cana-4615	34	7	exposed	expose	VERB
cana-4615	34	8	to	to	ADP
cana-4615	34	9	many	many	ADJ
cana-4615	34	10	basis	basis	NOUN
cana-4615	34	11	which	which	PRON
cana-4615	34	12	leads	lead	VERB
cana-4615	34	13	to	to	ADP
cana-4615	34	14	“	"	PUNCT
cana-4615	34	15	basis	basis	NOUN
cana-4615	34	16	portfolio	portfolio	NOUN
cana-4615	34	17	”	"	PUNCT
cana-4615	34	18	.	.	PUNCT
cana-4615	35	1	in	in	ADP
cana-4615	35	2	these	these	DET
cana-4615	35	3	situations	situation	NOUN
cana-4615	35	4	,	,	PUNCT
cana-4615	35	5	it	it	PRON
cana-4615	35	6	is	be	AUX
cana-4615	35	7	difficult	difficult	ADJ
cana-4615	35	8	to	to	PART
cana-4615	35	9	find	find	VERB
cana-4615	35	10	counterparty	counterparty	NOUN
cana-4615	35	11	and	and	CCONJ
cana-4615	35	12	large	large	ADJ
cana-4615	35	13	mws	mws	NOUN
cana-4615	35	14	at	at	ADP
cana-4615	35	15	each	each	DET
cana-4615	35	16	hub	hub	NOUN
cana-4615	35	17	/	/	SYM
cana-4615	35	18	zone	zone	NOUN
cana-4615	35	19	to	to	PART
cana-4615	35	20	hedge	hedge	VERB
cana-4615	35	21	at	at	ADP
cana-4615	35	22	a	a	DET
cana-4615	35	23	reasonable	reasonable	ADJ
cana-4615	35	24	price	price	NOUN
cana-4615	35	25	.	.	PUNCT
cana-4615	36	1	consider	consider	VERB
cana-4615	36	2	a	a	DET
cana-4615	36	3	hypothetical	hypothetical	ADJ
cana-4615	36	4	load	load	NOUN
cana-4615	36	5	portfolio	portfolio	NOUN
cana-4615	36	6	within	within	ADP
cana-4615	36	7	pjm	pjm	PROPN
cana-4615	36	8	iso	iso	PROPN
cana-4615	36	9	wherein	wherein	SCONJ
cana-4615	36	10	the	the	DET
cana-4615	36	11	load	load	NOUN
cana-4615	36	12	is	be	AUX
cana-4615	36	13	distributed	distribute	VERB
cana-4615	36	14	across	across	ADP
cana-4615	36	15	multiple	multiple	ADJ
cana-4615	36	16	zones	zone	NOUN
cana-4615	36	17	including	include	VERB
cana-4615	36	18	pepco	pepco	PROPN
cana-4615	36	19	,	,	PUNCT
cana-4615	36	20	dpl	dpl	PROPN
cana-4615	36	21	,	,	PUNCT
cana-4615	36	22	penelec	penelec	NOUN
cana-4615	36	23	,	,	PUNCT
cana-4615	36	24	pseg	pseg	NOUN
cana-4615	36	25	,	,	PUNCT
cana-4615	36	26	bge	bge	PROPN
cana-4615	36	27	,	,	PUNCT
cana-4615	36	28	atsi	atsi	PROPN
cana-4615	36	29	,	,	PUNCT
cana-4615	36	30	dom	dom	NOUN
cana-4615	36	31	,	,	PUNCT
cana-4615	36	32	bge	bge	PROPN
cana-4615	36	33	and	and	CCONJ
cana-4615	36	34	each	each	DET
cana-4615	36	35	zone	zone	NOUN
cana-4615	36	36	has	have	VERB
cana-4615	36	37	a	a	DET
cana-4615	36	38	different	different	ADJ
cana-4615	36	39	amount	amount	NOUN
cana-4615	36	40	of	of	ADP
cana-4615	36	41	load	load	NOUN
cana-4615	36	42	.	.	PUNCT
cana-4615	37	1	if	if	SCONJ
cana-4615	37	2	the	the	DET
cana-4615	37	3	portfolio	portfolio	NOUN
cana-4615	37	4	manager	manager	NOUN
cana-4615	37	5	tries	try	VERB
cana-4615	37	6	to	to	PART
cana-4615	37	7	hedge	hedge	VERB
cana-4615	37	8	each	each	PRON
cana-4615	37	9	of	of	ADP
cana-4615	37	10	the	the	DET
cana-4615	37	11	zones	zone	NOUN
cana-4615	37	12	,	,	PUNCT
cana-4615	37	13	it	it	PRON
cana-4615	37	14	is	be	AUX
cana-4615	37	15	nearly	nearly	ADV
cana-4615	37	16	impossible	impossible	ADJ
cana-4615	37	17	to	to	PART
cana-4615	37	18	do	do	VERB
cana-4615	37	19	it	it	PRON
cana-4615	37	20	.	.	PUNCT
cana-4615	38	1	so	so	ADV
cana-4615	38	2	the	the	DET
cana-4615	38	3	portfolio	portfolio	NOUN
cana-4615	38	4	manager	manager	NOUN
cana-4615	38	5	puts	put	VERB
cana-4615	38	6	on	on	ADP
cana-4615	38	7	hedge	hedge	NOUN
cana-4615	38	8	at	at	ADP
cana-4615	38	9	the	the	DET
cana-4615	38	10	hub	hub	NOUN
cana-4615	38	11	level	level	NOUN
cana-4615	38	12	i.e.	i.e.	X
cana-4615	38	13	“	"	PUNCT
cana-4615	38	14	pjm	pjm	X
cana-4615	38	15	west	west	NOUN
cana-4615	38	16	”	"	PUNCT
cana-4615	38	17	because	because	SCONJ
cana-4615	38	18	pjm	pjm	PROPN
cana-4615	38	19	west	west	PROPN
cana-4615	38	20	is	be	AUX
cana-4615	38	21	the	the	DET
cana-4615	38	22	most	most	ADV
cana-4615	38	23	liquid	liquid	ADJ
cana-4615	38	24	hub	hub	NOUN
cana-4615	38	25	.	.	PUNCT
cana-4615	39	1	the	the	DET
cana-4615	39	2	total	total	ADJ
cana-4615	39	3	mwh	mwh	PROPN
cana-4615	39	4	at	at	ADP
cana-4615	39	5	the	the	DET
cana-4615	39	6	pjm	pjm	PROPN
cana-4615	39	7	west	west	PROPN
cana-4615	39	8	is	be	AUX
cana-4615	39	9	the	the	DET
cana-4615	39	10	sum	sum	NOUN
cana-4615	39	11	of	of	ADP
cana-4615	39	12	the	the	DET
cana-4615	39	13	positions	position	NOUN
cana-4615	39	14	at	at	ADP
cana-4615	39	15	each	each	PRON
cana-4615	39	16	of	of	ADP
cana-4615	39	17	the	the	DET
cana-4615	39	18	zones	zone	NOUN
cana-4615	39	19	i.e.	i.e.	X
cana-4615	39	20	417.1	417.1	NUM
cana-4615	39	21	gwh	gwh	NOUN
cana-4615	39	22	.	.	PUNCT
cana-4615	40	1	after	after	ADP
cana-4615	40	2	putting	put	VERB
cana-4615	40	3	on	on	ADP
cana-4615	40	4	this	this	DET
cana-4615	40	5	position	position	NOUN
cana-4615	40	6	,	,	PUNCT
cana-4615	40	7	this	this	DET
cana-4615	40	8	portfolio	portfolio	NOUN
cana-4615	40	9	has	have	VERB
cana-4615	40	10	basis	basis	NOUN
cana-4615	40	11	exposure	exposure	NOUN
cana-4615	40	12	and	and	CCONJ
cana-4615	40	13	the	the	DET
cana-4615	40	14	basis	basis	NOUN
cana-4615	40	15	is	be	AUX
cana-4615	40	16	from	from	ADP
cana-4615	40	17	each	each	PRON
cana-4615	40	18	of	of	ADP
cana-4615	40	19	the	the	DET
cana-4615	40	20	eight	eight	NUM
cana-4615	40	21	zones	zone	NOUN
cana-4615	40	22	viz	viz	NOUN
cana-4615	40	23	.	.	PUNCT
cana-4615	41	1	pepco	pepco	PROPN
cana-4615	41	2	,	,	PUNCT
cana-4615	41	3	dpl	dpl	PROPN
cana-4615	41	4	,	,	PUNCT
cana-4615	41	5	penelec	penelec	NOUN
cana-4615	41	6	,	,	PUNCT
cana-4615	41	7	pseg	pseg	NOUN
cana-4615	41	8	,	,	PUNCT
cana-4615	41	9	bge	bge	PROPN
cana-4615	41	10	,	,	PUNCT
cana-4615	41	11	atsi	atsi	PROPN
cana-4615	41	12	,	,	PUNCT
cana-4615	41	13	dom	dom	NOUN
cana-4615	41	14	,	,	PUNCT
cana-4615	41	15	bge	bge	PROPN
cana-4615	41	16	and	and	CCONJ
cana-4615	41	17	from	from	ADP
cana-4615	41	18	pjm	pjm	PROPN
cana-4615	41	19	west	west	PROPN
cana-4615	41	20	.	.	PUNCT
cana-4615	42	1	4	4	X
cana-4615	42	2	.	.	X
cana-4615	42	3	model	model	NOUN
cana-4615	42	4	for	for	ADP
cana-4615	42	5	basis	basis	NOUN
cana-4615	42	6	hedging	hedging	NOUN
cana-4615	42	7	:	:	PUNCT
cana-4615	42	8	principal	principal	ADJ
cana-4615	42	9	component	component	NOUN
cana-4615	42	10	analysis	analysis	NOUN
cana-4615	42	11	is	be	AUX
cana-4615	42	12	great	great	ADJ
cana-4615	42	13	tool	tool	NOUN
cana-4615	42	14	to	to	PART
cana-4615	42	15	reduce	reduce	VERB
cana-4615	42	16	dimensions	dimension	NOUN
cana-4615	42	17	(	(	PUNCT
cana-4615	42	18	kambhatla	kambhatla	NOUN
cana-4615	42	19	&	&	CCONJ
cana-4615	42	20	leen	leen	PROPN
cana-4615	42	21	,	,	PUNCT
cana-4615	42	22	1997	1997	NUM
cana-4615	42	23	)	)	PUNCT
cana-4615	42	24	.	.	PUNCT
cana-4615	43	1	this	this	DET
cana-4615	43	2	paper	paper	NOUN
cana-4615	43	3	employs	employ	VERB
cana-4615	43	4	the	the	DET
cana-4615	43	5	principal	principal	ADJ
cana-4615	43	6	component	component	NOUN
cana-4615	43	7	analysis	analysis	NOUN
cana-4615	43	8	(	(	PUNCT
cana-4615	43	9	pca	pca	NOUN
cana-4615	43	10	)	)	PUNCT
cana-4615	43	11	framework	framework	NOUN
cana-4615	43	12	to	to	PART
cana-4615	43	13	hedge	hedge	VERB
cana-4615	43	14	basis	basis	NOUN
cana-4615	43	15	risks	risk	NOUN
cana-4615	43	16	.	.	PUNCT
cana-4615	44	1	the	the	DET
cana-4615	44	2	exposure	exposure	NOUN
cana-4615	44	3	at	at	ADP
cana-4615	44	4	each	each	DET
cana-4615	44	5	basis	basis	NOUN
cana-4615	44	6	location	location	NOUN
cana-4615	44	7	is	be	AUX
cana-4615	44	8	assumed	assume	VERB
cana-4615	44	9	to	to	PART
cana-4615	44	10	be	be	AUX
cana-4615	44	11	a	a	DET
cana-4615	44	12	dimension	dimension	NOUN
cana-4615	44	13	and	and	CCONJ
cana-4615	44	14	so	so	ADV
cana-4615	44	15	a	a	DET
cana-4615	44	16	portfolio	portfolio	NOUN
cana-4615	44	17	is	be	AUX
cana-4615	44	18	assumed	assume	VERB
cana-4615	44	19	to	to	PART
cana-4615	44	20	be	be	AUX
cana-4615	44	21	composed	compose	VERB
cana-4615	44	22	to	to	ADP
cana-4615	44	23	many	many	ADJ
cana-4615	44	24	dimensions	dimension	NOUN
cana-4615	44	25	.	.	PUNCT
cana-4615	45	1	pca	pca	PROPN
cana-4615	45	2	is	be	AUX
cana-4615	45	3	used	use	VERB
cana-4615	45	4	to	to	PART
cana-4615	45	5	reduce	reduce	VERB
cana-4615	45	6	the	the	DET
cana-4615	45	7	dimension	dimension	NOUN
cana-4615	45	8	and	and	CCONJ
cana-4615	45	9	we	we	PRON
cana-4615	45	10	are	be	AUX
cana-4615	45	11	left	leave	VERB
cana-4615	45	12	with	with	ADP
cana-4615	45	13	one	one	NUM
cana-4615	45	14	or	or	CCONJ
cana-4615	45	15	two	two	NUM
cana-4615	45	16	dimensions	dimension	NOUN
cana-4615	45	17	which	which	PRON
cana-4615	45	18	represents	represent	VERB
cana-4615	45	19	the	the	DET
cana-4615	45	20	most	most	ADJ
cana-4615	45	21	amount	amount	NOUN
cana-4615	45	22	of	of	ADP
cana-4615	45	23	variation	variation	NOUN
cana-4615	45	24	in	in	ADP
cana-4615	45	25	the	the	DET
cana-4615	45	26	portfolio	portfolio	NOUN
cana-4615	45	27	.	.	PUNCT
cana-4615	46	1	if	if	SCONJ
cana-4615	46	2	we	we	PRON
cana-4615	46	3	hedge	hedge	VERB
cana-4615	46	4	these	these	DET
cana-4615	46	5	first	first	ADJ
cana-4615	46	6	principal	principal	ADJ
cana-4615	46	7	component	component	NOUN
cana-4615	46	8	(	(	PUNCT
cana-4615	46	9	pc1	pc1	PROPN
cana-4615	46	10	)	)	PUNCT
cana-4615	46	11	and/or	and/or	CCONJ
cana-4615	46	12	second	second	ADJ
cana-4615	46	13	principal	principal	ADJ
cana-4615	46	14	component	component	NOUN
cana-4615	46	15	(	(	PUNCT
cana-4615	46	16	pc2	pc2	PROPN
cana-4615	46	17	)	)	PUNCT
cana-4615	46	18	,	,	PUNCT
cana-4615	46	19	we	we	PRON
cana-4615	46	20	can	can	AUX
cana-4615	46	21	hedge	hedge	VERB
cana-4615	46	22	most	most	ADJ
cana-4615	46	23	of	of	ADP
cana-4615	46	24	the	the	DET
cana-4615	46	25	variation	variation	NOUN
cana-4615	46	26	in	in	ADP
cana-4615	46	27	the	the	DET
cana-4615	46	28	portfolio	portfolio	NOUN
cana-4615	46	29	.	.	PUNCT
cana-4615	47	1	the	the	DET
cana-4615	47	2	model	model	NOUN
cana-4615	47	3	essentially	essentially	ADV
cana-4615	47	4	consists	consist	VERB
cana-4615	47	5	of	of	ADP
cana-4615	47	6	three	three	NUM
cana-4615	47	7	steps	step	NOUN
cana-4615	47	8	a	a	PRON
cana-4615	47	9	)	)	PUNCT
cana-4615	47	10	simulate	simulate	VERB
cana-4615	47	11	basis	basis	NOUN
cana-4615	47	12	b	b	NOUN
cana-4615	47	13	)	)	PUNCT
cana-4615	47	14	perform	perform	VERB
cana-4615	47	15	pca	pca	NOUN
cana-4615	47	16	analysis	analysis	NOUN
cana-4615	47	17	c	c	NOUN
cana-4615	47	18	)	)	PUNCT
cana-4615	47	19	hedge	hedge	VERB
cana-4615	47	20	the	the	DET
cana-4615	47	21	pcs	pc	NOUN
cana-4615	47	22	.	.	PUNCT
cana-4615	48	1	communications	communication	NOUN
cana-4615	48	2	on	on	ADP
cana-4615	48	3	applied	apply	VERB
cana-4615	48	4	nonlinear	nonlinear	ADJ
cana-4615	48	5	analysis	analysis	NOUN
cana-4615	48	6	issn	issn	NOUN
cana-4615	48	7	:	:	PUNCT
cana-4615	48	8	1074	1074	NUM
cana-4615	48	9	-	-	PUNCT
cana-4615	48	10	133x	133x	NUM
cana-4615	48	11	vol	vol	NOUN
cana-4615	48	12	32	32	NUM
cana-4615	48	13	no	no	NOUN
cana-4615	48	14	.	.	NOUN
cana-4615	48	15	1	1	NUM
cana-4615	48	16	(	(	PUNCT
cana-4615	48	17	2025	2025	NUM
cana-4615	48	18	)	)	PUNCT
cana-4615	49	1	412	412	NUM
cana-4615	49	2	https://internationalpubls.com	https://internationalpubls.com	X
cana-4615	49	3	1	1	X
cana-4615	49	4	.	.	X
cana-4615	49	5	simulate	simulate	VERB
cana-4615	49	6	zonal	zonal	ADJ
cana-4615	49	7	basis	basis	NOUN
cana-4615	49	8	:	:	PUNCT
cana-4615	49	9	there	there	PRON
cana-4615	49	10	are	be	VERB
cana-4615	49	11	different	different	ADJ
cana-4615	49	12	methodologies	methodology	NOUN
cana-4615	49	13	for	for	ADP
cana-4615	49	14	simulating	simulate	VERB
cana-4615	49	15	the	the	DET
cana-4615	49	16	basis	basis	NOUN
cana-4615	49	17	.	.	PUNCT
cana-4615	50	1	one	one	NUM
cana-4615	50	2	such	such	ADJ
cana-4615	50	3	approach	approach	NOUN
cana-4615	50	4	is	be	AUX
cana-4615	50	5	to	to	PART
cana-4615	50	6	do	do	VERB
cana-4615	50	7	a	a	DET
cana-4615	50	8	bottom	bottom	NOUN
cana-4615	50	9	’s	’s	PART
cana-4615	50	10	up	up	ADP
cana-4615	50	11	approach	approach	NOUN
cana-4615	50	12	wherein	wherein	SCONJ
cana-4615	50	13	the	the	DET
cana-4615	50	14	temperature	temperature	NOUN
cana-4615	50	15	,	,	PUNCT
cana-4615	50	16	load	load	NOUN
cana-4615	50	17	,	,	PUNCT
cana-4615	50	18	generation	generation	NOUN
cana-4615	50	19	and	and	CCONJ
cana-4615	50	20	price	price	NOUN
cana-4615	50	21	are	be	AUX
cana-4615	50	22	simulated	simulate	VERB
cana-4615	50	23	for	for	ADP
cana-4615	50	24	each	each	DET
cana-4615	50	25	point	point	NOUN
cana-4615	50	26	in	in	ADP
cana-4615	50	27	an	an	DET
cana-4615	50	28	iso	iso	NOUN
cana-4615	50	29	and	and	CCONJ
cana-4615	50	30	basis	basis	NOUN
cana-4615	50	31	can	can	AUX
cana-4615	50	32	be	be	AUX
cana-4615	50	33	computed	compute	VERB
cana-4615	50	34	from	from	ADP
cana-4615	50	35	this	this	PRON
cana-4615	50	36	.	.	PUNCT
cana-4615	51	1	the	the	DET
cana-4615	51	2	other	other	ADJ
cana-4615	51	3	way	way	NOUN
cana-4615	51	4	is	be	AUX
cana-4615	51	5	to	to	PART
cana-4615	51	6	use	use	VERB
cana-4615	51	7	the	the	DET
cana-4615	51	8	historical	historical	ADJ
cana-4615	51	9	data	datum	NOUN
cana-4615	51	10	to	to	PART
cana-4615	51	11	simulate	simulate	VERB
cana-4615	51	12	the	the	DET
cana-4615	51	13	basis	basis	NOUN
cana-4615	51	14	.	.	PUNCT
cana-4615	52	1	this	this	PRON
cana-4615	52	2	is	be	AUX
cana-4615	52	3	a	a	DET
cana-4615	52	4	quick	quick	ADJ
cana-4615	52	5	and	and	CCONJ
cana-4615	52	6	fairly	fairly	ADV
cana-4615	52	7	accurate	accurate	ADJ
cana-4615	52	8	way	way	NOUN
cana-4615	52	9	to	to	PART
cana-4615	52	10	simulate	simulate	VERB
cana-4615	52	11	basis	basis	NOUN
cana-4615	52	12	because	because	SCONJ
cana-4615	52	13	all	all	DET
cana-4615	52	14	the	the	DET
cana-4615	52	15	grid	grid	NOUN
cana-4615	52	16	conditions	condition	NOUN
cana-4615	52	17	including	include	VERB
cana-4615	52	18	weather	weather	NOUN
cana-4615	52	19	swings	swing	NOUN
cana-4615	52	20	,	,	PUNCT
cana-4615	52	21	load	load	NOUN
cana-4615	52	22	swings	swing	NOUN
cana-4615	52	23	,	,	PUNCT
cana-4615	52	24	plant	plant	NOUN
cana-4615	52	25	outage	outage	NOUN
cana-4615	52	26	,	,	PUNCT
cana-4615	52	27	transmission	transmission	NOUN
cana-4615	52	28	outage	outage	NOUN
cana-4615	52	29	is	be	AUX
cana-4615	52	30	baked	bake	VERB
cana-4615	52	31	into	into	ADP
cana-4615	52	32	the	the	DET
cana-4615	52	33	historical	historical	ADJ
cana-4615	52	34	data	datum	NOUN
cana-4615	52	35	.	.	PUNCT
cana-4615	53	1	this	this	DET
cana-4615	53	2	historical	historical	ADJ
cana-4615	53	3	data	datum	NOUN
cana-4615	53	4	also	also	ADV
cana-4615	53	5	readily	readily	ADV
cana-4615	53	6	available	available	ADJ
cana-4615	53	7	from	from	ADP
cana-4615	53	8	the	the	DET
cana-4615	53	9	iso	iso	NOUN
cana-4615	53	10	.	.	PUNCT
cana-4615	54	1	another	another	DET
cana-4615	54	2	source	source	NOUN
cana-4615	54	3	of	of	ADP
cana-4615	54	4	this	this	DET
cana-4615	54	5	information	information	NOUN
cana-4615	54	6	is	be	AUX
cana-4615	54	7	the	the	DET
cana-4615	54	8	ftr	ftr	PROPN
cana-4615	54	9	/	/	SYM
cana-4615	54	10	crr	crr	PROPN
cana-4615	54	11	auction	auction	NOUN
cana-4615	54	12	published	publish	VERB
cana-4615	54	13	by	by	ADP
cana-4615	54	14	the	the	DET
cana-4615	54	15	isos	isos	NOUN
cana-4615	54	16	.	.	PUNCT
cana-4615	55	1	most	most	ADJ
cana-4615	55	2	of	of	ADP
cana-4615	55	3	the	the	DET
cana-4615	55	4	isos	isos	NOUN
cana-4615	55	5	,	,	PUNCT
cana-4615	55	6	computes	compute	VERB
cana-4615	55	7	“	"	PUNCT
cana-4615	55	8	shadow	shadow	NOUN
cana-4615	55	9	pricing	pricing	NOUN
cana-4615	55	10	”	"	PUNCT
cana-4615	55	11	wherein	wherein	SCONJ
cana-4615	55	12	they	they	PRON
cana-4615	55	13	determine	determine	VERB
cana-4615	55	14	price	price	NOUN
cana-4615	55	15	at	at	ADV
cana-4615	55	16	all	all	DET
cana-4615	55	17	points	point	NOUN
cana-4615	55	18	on	on	ADP
cana-4615	55	19	the	the	DET
cana-4615	55	20	grid	grid	NOUN
cana-4615	55	21	.	.	PUNCT
cana-4615	56	1	the	the	DET
cana-4615	56	2	result	result	NOUN
cana-4615	56	3	from	from	ADP
cana-4615	56	4	these	these	DET
cana-4615	56	5	auctions	auction	NOUN
cana-4615	56	6	can	can	AUX
cana-4615	56	7	be	be	AUX
cana-4615	56	8	used	use	VERB
cana-4615	56	9	to	to	PART
cana-4615	56	10	compute	compute	VERB
cana-4615	56	11	basis	basis	NOUN
cana-4615	56	12	.	.	PUNCT
cana-4615	57	1	2	2	X
cana-4615	57	2	.	.	X
cana-4615	57	3	perform	perform	VERB
cana-4615	57	4	pca	pca	PROPN
cana-4615	57	5	:	:	PUNCT
cana-4615	57	6	basis	basis	NOUN
cana-4615	57	7	is	be	AUX
cana-4615	57	8	composed	compose	VERB
cana-4615	57	9	of	of	ADP
cana-4615	57	10	congestion	congestion	NOUN
cana-4615	57	11	and	and	CCONJ
cana-4615	57	12	loss	loss	NOUN
cana-4615	57	13	.	.	PUNCT
cana-4615	58	1	losses	loss	NOUN
cana-4615	58	2	are	be	AUX
cana-4615	58	3	usually	usually	ADV
cana-4615	58	4	fixed	fix	VERB
cana-4615	58	5	,	,	PUNCT
cana-4615	58	6	is	be	AUX
cana-4615	58	7	a	a	DET
cana-4615	58	8	function	function	NOUN
cana-4615	58	9	of	of	ADP
cana-4615	58	10	transmission	transmission	NOUN
cana-4615	58	11	infrastructure	infrastructure	NOUN
cana-4615	58	12	within	within	ADP
cana-4615	58	13	an	an	DET
cana-4615	58	14	iso	iso	NOUN
cana-4615	58	15	and	and	CCONJ
cana-4615	58	16	are	be	AUX
cana-4615	58	17	usually	usually	ADV
cana-4615	58	18	a	a	DET
cana-4615	58	19	fixed	fixed	ADJ
cana-4615	58	20	percentage	percentage	NOUN
cana-4615	58	21	of	of	ADP
cana-4615	58	22	the	the	DET
cana-4615	58	23	electricity	electricity	NOUN
cana-4615	58	24	price	price	NOUN
cana-4615	58	25	.	.	PUNCT
cana-4615	59	1	these	these	DET
cana-4615	59	2	losses	loss	NOUN
cana-4615	59	3	can	can	AUX
cana-4615	59	4	be	be	AUX
cana-4615	59	5	backed	back	VERB
cana-4615	59	6	out	out	ADP
cana-4615	59	7	from	from	ADP
cana-4615	59	8	basis	basis	NOUN
cana-4615	59	9	to	to	PART
cana-4615	59	10	imply	imply	VERB
cana-4615	59	11	the	the	DET
cana-4615	59	12	congestion	congestion	NOUN
cana-4615	59	13	which	which	PRON
cana-4615	59	14	is	be	AUX
cana-4615	59	15	the	the	DET
cana-4615	59	16	stochastic	stochastic	ADJ
cana-4615	59	17	component	component	NOUN
cana-4615	59	18	.	.	PUNCT
cana-4615	60	1	this	this	DET
cana-4615	60	2	congestion	congestion	NOUN
cana-4615	60	3	is	be	AUX
cana-4615	60	4	a	a	DET
cana-4615	60	5	function	function	NOUN
cana-4615	60	6	of	of	ADP
cana-4615	60	7	different	different	ADJ
cana-4615	60	8	factors	factor	NOUN
cana-4615	60	9	including	include	VERB
cana-4615	60	10	load	load	NOUN
cana-4615	60	11	swings	swing	NOUN
cana-4615	60	12	,	,	PUNCT
cana-4615	60	13	plant	plant	NOUN
cana-4615	60	14	outage	outage	NOUN
cana-4615	60	15	,	,	PUNCT
cana-4615	60	16	generation	generation	NOUN
cana-4615	60	17	variability	variability	NOUN
cana-4615	60	18	,	,	PUNCT
cana-4615	60	19	transmission	transmission	NOUN
cana-4615	60	20	outage	outage	NOUN
cana-4615	60	21	etc	etc	X
cana-4615	60	22	.	.	PUNCT
cana-4615	61	1	but	but	CCONJ
cana-4615	61	2	if	if	SCONJ
cana-4615	61	3	the	the	DET
cana-4615	61	4	iso	iso	NOUN
cana-4615	61	5	is	be	AUX
cana-4615	61	6	expected	expect	VERB
cana-4615	61	7	to	to	PART
cana-4615	61	8	have	have	VERB
cana-4615	61	9	major	major	ADJ
cana-4615	61	10	upgrades	upgrade	NOUN
cana-4615	61	11	/	/	SYM
cana-4615	61	12	changes	change	NOUN
cana-4615	61	13	to	to	PART
cana-4615	61	14	supply	supply	VERB
cana-4615	61	15	stack	stack	NOUN
cana-4615	61	16	and	and	CCONJ
cana-4615	61	17	/	/	SYM
cana-4615	61	18	or	or	CCONJ
cana-4615	61	19	transmission	transmission	NOUN
cana-4615	61	20	infrastructure	infrastructure	NOUN
cana-4615	61	21	then	then	ADV
cana-4615	61	22	the	the	DET
cana-4615	61	23	same	same	ADJ
cana-4615	61	24	has	have	VERB
cana-4615	61	25	to	to	PART
cana-4615	61	26	be	be	AUX
cana-4615	61	27	reflected	reflect	VERB
cana-4615	61	28	into	into	ADP
cana-4615	61	29	the	the	DET
cana-4615	61	30	congestion	congestion	NOUN
cana-4615	61	31	.	.	PUNCT
cana-4615	62	1	a	a	DET
cana-4615	62	2	correlation	correlation	NOUN
cana-4615	62	3	matrix	matrix	NOUN
cana-4615	62	4	is	be	AUX
cana-4615	62	5	computed	compute	VERB
cana-4615	62	6	using	use	VERB
cana-4615	62	7	a	a	DET
cana-4615	62	8	historical	historical	ADJ
cana-4615	62	9	congestion	congestion	NOUN
cana-4615	62	10	and	and	CCONJ
cana-4615	62	11	pca	pca	NOUN
cana-4615	62	12	analysis	analysis	NOUN
cana-4615	62	13	is	be	AUX
cana-4615	62	14	performed	perform	VERB
cana-4615	62	15	on	on	ADP
cana-4615	62	16	this	this	PRON
cana-4615	62	17	.	.	PUNCT
cana-4615	63	1	3	3	X
cana-4615	63	2	.	.	X
cana-4615	63	3	hedge	hedge	ADJ
cana-4615	63	4	basis	basis	NOUN
cana-4615	63	5	:	:	PUNCT
cana-4615	63	6	once	once	SCONJ
cana-4615	63	7	pc1	pc1	PROPN
cana-4615	63	8	and	and	CCONJ
cana-4615	63	9	pc2	pc2	NOUN
cana-4615	63	10	has	have	AUX
cana-4615	63	11	been	be	AUX
cana-4615	63	12	determined	determine	VERB
cana-4615	63	13	then	then	ADV
cana-4615	63	14	we	we	PRON
cana-4615	63	15	have	have	VERB
cana-4615	63	16	to	to	PART
cana-4615	63	17	find	find	VERB
cana-4615	63	18	an	an	DET
cana-4615	63	19	appropriate	appropriate	ADJ
cana-4615	63	20	hedge	hedge	NOUN
cana-4615	63	21	instrument	instrument	NOUN
cana-4615	63	22	to	to	PART
cana-4615	63	23	hedge	hedge	VERB
cana-4615	63	24	these	these	DET
cana-4615	63	25	pcs	pc	NOUN
cana-4615	63	26	.	.	PUNCT
cana-4615	64	1	since	since	SCONJ
cana-4615	64	2	pc1	pc1	PROPN
cana-4615	64	3	and	and	CCONJ
cana-4615	64	4	pc2	pc2	NOUN
cana-4615	64	5	are	be	AUX
cana-4615	64	6	independent	independent	ADJ
cana-4615	64	7	,	,	PUNCT
cana-4615	64	8	the	the	DET
cana-4615	64	9	hedge	hedge	NOUN
cana-4615	64	10	instruments	instrument	NOUN
cana-4615	64	11	should	should	AUX
cana-4615	64	12	be	be	AUX
cana-4615	64	13	different	different	ADJ
cana-4615	64	14	for	for	ADP
cana-4615	64	15	each	each	PRON
cana-4615	64	16	of	of	ADP
cana-4615	64	17	these	these	PRON
cana-4615	64	18	.	.	PUNCT
cana-4615	65	1	also	also	ADV
cana-4615	65	2	,	,	PUNCT
cana-4615	65	3	the	the	DET
cana-4615	65	4	hedge	hedge	NOUN
cana-4615	65	5	instrument	instrument	NOUN
cana-4615	65	6	should	should	AUX
cana-4615	65	7	be	be	AUX
cana-4615	65	8	correlated	correlate	VERB
cana-4615	65	9	with	with	ADP
cana-4615	65	10	pcs	pc	NOUN
cana-4615	65	11	and	and	CCONJ
cana-4615	65	12	should	should	AUX
cana-4615	65	13	have	have	VERB
cana-4615	65	14	the	the	DET
cana-4615	65	15	same	same	ADJ
cana-4615	65	16	volatility	volatility	NOUN
cana-4615	65	17	as	as	ADP
cana-4615	65	18	the	the	DET
cana-4615	65	19	pcs	pc	NOUN
cana-4615	65	20	.	.	PUNCT
cana-4615	66	1	5	5	X
cana-4615	66	2	.	.	X
cana-4615	66	3	data	datum	NOUN
cana-4615	66	4	for	for	ADP
cana-4615	66	5	the	the	DET
cana-4615	66	6	purposes	purpose	NOUN
cana-4615	66	7	of	of	ADP
cana-4615	66	8	this	this	DET
cana-4615	66	9	study	study	NOUN
cana-4615	66	10	,	,	PUNCT
cana-4615	66	11	pjm	pjm	X
cana-4615	66	12	market	market	NOUN
cana-4615	66	13	was	be	AUX
cana-4615	66	14	chosen	choose	VERB
cana-4615	66	15	because	because	SCONJ
cana-4615	66	16	there	there	PRON
cana-4615	66	17	are	be	VERB
cana-4615	66	18	several	several	ADJ
cana-4615	66	19	zones	zone	NOUN
cana-4615	66	20	within	within	ADP
cana-4615	66	21	pjm	pjm	PROPN
cana-4615	66	22	market	market	NOUN
cana-4615	66	23	,	,	PUNCT
cana-4615	66	24	the	the	DET
cana-4615	66	25	liquidity	liquidity	NOUN
cana-4615	66	26	at	at	ADP
cana-4615	66	27	each	each	DET
cana-4615	66	28	zone	zone	NOUN
cana-4615	66	29	is	be	AUX
cana-4615	66	30	relatively	relatively	ADV
cana-4615	66	31	low	low	ADJ
cana-4615	66	32	and	and	CCONJ
cana-4615	66	33	but	but	CCONJ
cana-4615	66	34	there	there	PRON
cana-4615	66	35	is	be	VERB
cana-4615	66	36	a	a	DET
cana-4615	66	37	liquid	liquid	ADJ
cana-4615	66	38	hub	hub	NOUN
cana-4615	66	39	pjm	pjm	PROPN
cana-4615	66	40	west	west	PROPN
cana-4615	66	41	.	.	PUNCT
cana-4615	67	1	the	the	DET
cana-4615	67	2	pjm	pjm	PROPN
cana-4615	67	3	iso	iso	PROPN
cana-4615	67	4	is	be	AUX
cana-4615	67	5	well	well	ADV
cana-4615	67	6	suited	suited	ADJ
cana-4615	67	7	for	for	ADP
cana-4615	67	8	basis	basis	NOUN
cana-4615	67	9	study	study	NOUN
cana-4615	67	10	also	also	ADV
cana-4615	67	11	because	because	SCONJ
cana-4615	67	12	the	the	DET
cana-4615	67	13	generation	generation	NOUN
cana-4615	67	14	and	and	CCONJ
cana-4615	67	15	load	load	NOUN
cana-4615	67	16	are	be	AUX
cana-4615	67	17	not	not	PART
cana-4615	67	18	usually	usually	ADV
cana-4615	67	19	co	co	VERB
cana-4615	67	20	-	-	VERB
cana-4615	67	21	located	locate	VERB
cana-4615	67	22	in	in	ADP
cana-4615	67	23	the	the	DET
cana-4615	67	24	same	same	ADJ
cana-4615	67	25	zone	zone	NOUN
cana-4615	67	26	in	in	ADP
cana-4615	67	27	pjm	pjm	PROPN
cana-4615	67	28	.	.	PUNCT
cana-4615	68	1	often	often	ADV
cana-4615	68	2	times	time	NOUN
cana-4615	68	3	,	,	PUNCT
cana-4615	68	4	the	the	DET
cana-4615	68	5	generation	generation	NOUN
cana-4615	68	6	and	and	CCONJ
cana-4615	68	7	load	load	NOUN
cana-4615	68	8	are	be	AUX
cana-4615	68	9	located	locate	VERB
cana-4615	68	10	in	in	ADP
cana-4615	68	11	different	different	ADJ
cana-4615	68	12	zones	zone	NOUN
cana-4615	68	13	which	which	PRON
cana-4615	68	14	calls	call	VERB
cana-4615	68	15	for	for	SCONJ
cana-4615	68	16	power	power	NOUN
cana-4615	68	17	to	to	PART
cana-4615	68	18	be	be	AUX
cana-4615	68	19	transmitted	transmit	VERB
cana-4615	68	20	over	over	ADP
cana-4615	68	21	large	large	ADJ
cana-4615	68	22	transmission	transmission	NOUN
cana-4615	68	23	line	line	NOUN
cana-4615	68	24	from	from	ADP
cana-4615	68	25	source	source	NOUN
cana-4615	68	26	(	(	PUNCT
cana-4615	68	27	generation	generation	NOUN
cana-4615	68	28	)	)	PUNCT
cana-4615	68	29	to	to	PART
cana-4615	68	30	sink	sink	VERB
cana-4615	68	31	(	(	PUNCT
cana-4615	68	32	load	load	NOUN
cana-4615	68	33	)	)	PUNCT
cana-4615	68	34	leading	lead	VERB
cana-4615	68	35	to	to	ADP
cana-4615	68	36	congestion	congestion	NOUN
cana-4615	68	37	and	and	CCONJ
cana-4615	68	38	a	a	DET
cana-4615	68	39	blow	blow	NOUN
cana-4615	68	40	up	up	ADP
cana-4615	68	41	in	in	ADP
cana-4615	68	42	basis	basis	NOUN
cana-4615	68	43	.	.	PUNCT
cana-4615	69	1	lastly	lastly	ADV
cana-4615	69	2	,	,	PUNCT
cana-4615	69	3	pjm	pjm	PROPN
cana-4615	69	4	iso	iso	PROPN
cana-4615	69	5	is	be	AUX
cana-4615	69	6	located	locate	VERB
cana-4615	69	7	in	in	ADP
cana-4615	69	8	north	north	PROPN
cana-4615	69	9	east	east	PROPN
cana-4615	69	10	region	region	NOUN
cana-4615	69	11	in	in	ADP
cana-4615	69	12	united	united	PROPN
cana-4615	69	13	states	states	PROPN
cana-4615	69	14	and	and	CCONJ
cana-4615	69	15	is	be	AUX
cana-4615	69	16	exposed	expose	VERB
cana-4615	69	17	to	to	ADP
cana-4615	69	18	extreme	extreme	ADJ
cana-4615	69	19	weather	weather	NOUN
cana-4615	69	20	conditions	condition	NOUN
cana-4615	69	21	especially	especially	ADV
cana-4615	69	22	in	in	ADP
cana-4615	69	23	winter	winter	NOUN
cana-4615	69	24	leading	lead	VERB
cana-4615	69	25	to	to	ADP
cana-4615	69	26	large	large	ADJ
cana-4615	69	27	swings	swing	NOUN
cana-4615	69	28	in	in	ADP
cana-4615	69	29	basis	basis	NOUN
cana-4615	69	30	.	.	PUNCT
cana-4615	70	1	for	for	ADP
cana-4615	70	2	purposes	purpose	NOUN
cana-4615	70	3	this	this	DET
cana-4615	70	4	study	study	NOUN
cana-4615	70	5	jan	jan	PROPN
cana-4615	70	6	2023	2023	NUM
cana-4615	70	7	and	and	CCONJ
cana-4615	70	8	feb	feb	PROPN
cana-4615	70	9	2023	2023	NUM
cana-4615	70	10	was	be	AUX
cana-4615	70	11	chosen	choose	VERB
cana-4615	70	12	.	.	PUNCT
cana-4615	71	1	historically	historically	ADV
cana-4615	71	2	the	the	DET
cana-4615	71	3	basis	basis	NOUN
cana-4615	71	4	spikes	spike	NOUN
cana-4615	71	5	have	have	AUX
cana-4615	71	6	happened	happen	VERB
cana-4615	71	7	during	during	ADP
cana-4615	71	8	7x16	7x16	NUM
cana-4615	71	9	block	block	NOUN
cana-4615	71	10	,	,	PUNCT
cana-4615	71	11	but	but	CCONJ
cana-4615	71	12	it	it	PRON
cana-4615	71	13	has	have	AUX
cana-4615	71	14	been	be	AUX
cana-4615	71	15	assumed	assume	VERB
cana-4615	71	16	that	that	SCONJ
cana-4615	71	17	basis	basis	NOUN
cana-4615	71	18	spikes	spike	NOUN
cana-4615	71	19	would	would	AUX
cana-4615	71	20	happen	happen	VERB
cana-4615	71	21	only	only	ADV
cana-4615	71	22	during	during	ADP
cana-4615	71	23	5x16	5x16	NUM
cana-4615	71	24	block	block	NOUN
cana-4615	71	25	.	.	PUNCT
cana-4615	72	1	the	the	DET
cana-4615	72	2	historical	historical	ADJ
cana-4615	72	3	years	year	NOUN
cana-4615	72	4	for	for	ADP
cana-4615	72	5	study	study	NOUN
cana-4615	72	6	are	be	AUX
cana-4615	72	7	2019	2019	NUM
cana-4615	72	8	through	through	ADP
cana-4615	72	9	2022	2022	NUM
cana-4615	72	10	and	and	CCONJ
cana-4615	72	11	it	it	PRON
cana-4615	72	12	has	have	AUX
cana-4615	72	13	been	be	AUX
cana-4615	72	14	tested	test	VERB
cana-4615	72	15	using	use	VERB
cana-4615	72	16	2023	2023	NUM
cana-4615	72	17	data	datum	NOUN
cana-4615	72	18	.	.	PUNCT
cana-4615	73	1	communications	communication	NOUN
cana-4615	73	2	on	on	ADP
cana-4615	73	3	applied	apply	VERB
cana-4615	73	4	nonlinear	nonlinear	ADJ
cana-4615	73	5	analysis	analysis	NOUN
cana-4615	73	6	issn	issn	NOUN
cana-4615	73	7	:	:	PUNCT
cana-4615	73	8	1074	1074	NUM
cana-4615	73	9	-	-	PUNCT
cana-4615	73	10	133x	133x	NUM
cana-4615	73	11	vol	vol	NOUN
cana-4615	73	12	32	32	NUM
cana-4615	73	13	no	no	NOUN
cana-4615	73	14	.	.	NOUN
cana-4615	73	15	1	1	NUM
cana-4615	73	16	(	(	PUNCT
cana-4615	73	17	2025	2025	NUM
cana-4615	73	18	)	)	PUNCT
cana-4615	73	19	413	413	NUM
cana-4615	73	20	https://internationalpubls.com	https://internationalpubls.com	X
cana-4615	74	1	the	the	DET
cana-4615	74	2	portfolio	portfolio	NOUN
cana-4615	74	3	is	be	AUX
cana-4615	74	4	composed	compose	VERB
cana-4615	74	5	of	of	ADP
cana-4615	74	6	load	load	NOUN
cana-4615	74	7	in	in	ADP
cana-4615	74	8	several	several	ADJ
cana-4615	74	9	zones	zone	NOUN
cana-4615	74	10	viz	viz	X
cana-4615	74	11	.	.	PUNCT
cana-4615	75	1	pepco	pepco	PROPN
cana-4615	75	2	,	,	PUNCT
cana-4615	75	3	dpl	dpl	PROPN
cana-4615	75	4	,	,	PUNCT
cana-4615	75	5	penelec	penelec	NOUN
cana-4615	75	6	,	,	PUNCT
cana-4615	75	7	dayton	dayton	PROPN
cana-4615	75	8	,	,	PUNCT
cana-4615	75	9	ni	ni	PROPN
cana-4615	75	10	hub	hub	PROPN
cana-4615	75	11	,	,	PUNCT
cana-4615	75	12	atsi	atsi	PROPN
cana-4615	75	13	,	,	PUNCT
cana-4615	75	14	duq	duq	PROPN
cana-4615	75	15	&	&	CCONJ
cana-4615	75	16	comed	come	VERB
cana-4615	75	17	and	and	CCONJ
cana-4615	75	18	is	be	AUX
cana-4615	75	19	assumed	assume	VERB
cana-4615	75	20	to	to	PART
cana-4615	75	21	be	be	AUX
cana-4615	75	22	fully	fully	ADV
cana-4615	75	23	hedged	hedge	VERB
cana-4615	75	24	using	use	VERB
cana-4615	75	25	pjm	pjm	X
cana-4615	75	26	west	west	PROPN
cana-4615	75	27	hub	hub	PROPN
cana-4615	75	28	leaving	leave	VERB
cana-4615	75	29	with	with	ADP
cana-4615	75	30	basis	basis	NOUN
cana-4615	75	31	exposure	exposure	NOUN
cana-4615	75	32	.	.	PUNCT
cana-4615	76	1	it	it	PRON
cana-4615	76	2	has	have	AUX
cana-4615	76	3	also	also	ADV
cana-4615	76	4	been	be	AUX
cana-4615	76	5	assumed	assume	VERB
cana-4615	76	6	that	that	SCONJ
cana-4615	76	7	there	there	PRON
cana-4615	76	8	is	be	VERB
cana-4615	76	9	enough	enough	ADJ
cana-4615	76	10	liquidity	liquidity	NOUN
cana-4615	76	11	for	for	ADP
cana-4615	76	12	pjm	pjm	PROPN
cana-4615	76	13	west	west	PROPN
cana-4615	76	14	about	about	ADV
cana-4615	76	15	three	three	NUM
cana-4615	76	16	months	month	NOUN
cana-4615	76	17	in	in	ADP
cana-4615	76	18	advance	advance	NOUN
cana-4615	76	19	and	and	CCONJ
cana-4615	76	20	that	that	SCONJ
cana-4615	76	21	hedges	hedge	NOUN
cana-4615	76	22	are	be	AUX
cana-4615	76	23	put	put	VERB
cana-4615	76	24	on	on	ADP
cana-4615	76	25	around	around	ADP
cana-4615	76	26	this	this	DET
cana-4615	76	27	time	time	NOUN
cana-4615	76	28	.	.	PUNCT
cana-4615	77	1	this	this	DET
cana-4615	77	2	timeframe	timeframe	NOUN
cana-4615	77	3	has	have	AUX
cana-4615	77	4	also	also	ADV
cana-4615	77	5	been	be	AUX
cana-4615	77	6	chosen	choose	VERB
cana-4615	77	7	because	because	SCONJ
cana-4615	77	8	by	by	ADP
cana-4615	77	9	this	this	DET
cana-4615	77	10	time	time	NOUN
cana-4615	77	11	,	,	PUNCT
cana-4615	77	12	the	the	DET
cana-4615	77	13	market	market	NOUN
cana-4615	77	14	has	have	VERB
cana-4615	77	15	a	a	DET
cana-4615	77	16	fairly	fairly	ADV
cana-4615	77	17	good	good	ADJ
cana-4615	77	18	estimation	estimation	NOUN
cana-4615	77	19	of	of	ADP
cana-4615	77	20	how	how	SCONJ
cana-4615	77	21	winter	winter	NOUN
cana-4615	77	22	will	will	AUX
cana-4615	77	23	pan	pan	VERB
cana-4615	77	24	out	out	ADP
cana-4615	77	25	and	and	CCONJ
cana-4615	77	26	this	this	DET
cana-4615	77	27	information	information	NOUN
cana-4615	77	28	is	be	AUX
cana-4615	77	29	baked	bake	VERB
cana-4615	77	30	into	into	ADP
cana-4615	77	31	the	the	DET
cana-4615	77	32	forward	forward	ADJ
cana-4615	77	33	market	market	NOUN
cana-4615	77	34	.	.	PUNCT
cana-4615	78	1	market	market	NOUN
cana-4615	78	2	also	also	ADV
cana-4615	78	3	has	have	VERB
cana-4615	78	4	a	a	DET
cana-4615	78	5	good	good	ADJ
cana-4615	78	6	estimate	estimate	NOUN
cana-4615	78	7	of	of	ADP
cana-4615	78	8	supply	supply	NOUN
cana-4615	78	9	stack	stack	NOUN
cana-4615	78	10	and	and	CCONJ
cana-4615	78	11	any	any	DET
cana-4615	78	12	transmission	transmission	NOUN
cana-4615	78	13	upgrades	upgrade	NOUN
cana-4615	78	14	that	that	PRON
cana-4615	78	15	will	will	AUX
cana-4615	78	16	happen	happen	VERB
cana-4615	78	17	about	about	ADV
cana-4615	78	18	three	three	NUM
cana-4615	78	19	months	month	NOUN
cana-4615	78	20	later	later	ADV
cana-4615	78	21	.	.	PUNCT
cana-4615	79	1	because	because	SCONJ
cana-4615	79	2	of	of	ADP
cana-4615	79	3	this	this	DET
cana-4615	79	4	information	information	NOUN
cana-4615	79	5	,	,	PUNCT
cana-4615	79	6	the	the	DET
cana-4615	79	7	basis	basis	NOUN
cana-4615	79	8	prices	price	NOUN
cana-4615	79	9	for	for	ADP
cana-4615	79	10	winter	winter	NOUN
cana-4615	79	11	months	month	NOUN
cana-4615	79	12	are	be	AUX
cana-4615	79	13	fairly	fairly	ADV
cana-4615	79	14	accurate	accurate	ADJ
cana-4615	79	15	and	and	CCONJ
cana-4615	79	16	it	it	PRON
cana-4615	79	17	is	be	AUX
cana-4615	79	18	a	a	DET
cana-4615	79	19	good	good	ADJ
cana-4615	79	20	time	time	NOUN
cana-4615	79	21	to	to	PART
cana-4615	79	22	put	put	VERB
cana-4615	79	23	on	on	ADP
cana-4615	79	24	hedge	hedge	NOUN
cana-4615	79	25	.	.	PUNCT
cana-4615	80	1	6	6	X
cana-4615	80	2	.	.	X
cana-4615	80	3	results	result	VERB
cana-4615	80	4	the	the	DET
cana-4615	80	5	pca	pca	NOUN
cana-4615	80	6	analysis	analysis	NOUN
cana-4615	80	7	and	and	CCONJ
cana-4615	80	8	hedge	hedge	NOUN
cana-4615	80	9	details	detail	NOUN
cana-4615	80	10	for	for	ADP
cana-4615	80	11	jan	jan	PROPN
cana-4615	80	12	2023	2023	NUM
cana-4615	80	13	and	and	CCONJ
cana-4615	80	14	feb	feb	PROPN
cana-4615	80	15	2023	2023	NUM
cana-4615	80	16	are	be	AUX
cana-4615	80	17	presented	present	VERB
cana-4615	80	18	below	below	ADV
cana-4615	80	19	.	.	PUNCT
cana-4615	81	1	as	as	SCONJ
cana-4615	81	2	shown	show	VERB
cana-4615	81	3	in	in	ADP
cana-4615	81	4	the	the	DET
cana-4615	81	5	first	first	ADJ
cana-4615	81	6	table	table	NOUN
cana-4615	81	7	below	below	ADV
cana-4615	81	8	,	,	PUNCT
cana-4615	81	9	pc1	pc1	PROPN
cana-4615	81	10	explains	explain	VERB
cana-4615	81	11	~	~	PUNCT
cana-4615	81	12	69	69	NUM
cana-4615	81	13	%	%	NOUN
cana-4615	81	14	of	of	ADP
cana-4615	81	15	basis	basis	NOUN
cana-4615	81	16	variation	variation	NOUN
cana-4615	81	17	while	while	SCONJ
cana-4615	81	18	pc1	pc1	PROPN
cana-4615	81	19	and	and	CCONJ
cana-4615	81	20	pc2	pc2	NOUN
cana-4615	81	21	combined	combine	VERB
cana-4615	81	22	together	together	ADV
cana-4615	81	23	explain	explain	VERB
cana-4615	81	24	about	about	ADP
cana-4615	81	25	84	84	NUM
cana-4615	81	26	%	%	NOUN
cana-4615	81	27	of	of	ADP
cana-4615	81	28	variation	variation	NOUN
cana-4615	81	29	in	in	ADP
cana-4615	81	30	basis	basis	NOUN
cana-4615	81	31	.	.	PUNCT
cana-4615	82	1	the	the	DET
cana-4615	82	2	second	second	ADJ
cana-4615	82	3	table	table	NOUN
cana-4615	82	4	shows	show	VERB
cana-4615	82	5	the	the	DET
cana-4615	82	6	$	$	SYM
cana-4615	82	7	impact	impact	NOUN
cana-4615	82	8	of	of	ADP
cana-4615	82	9	basis	basis	NOUN
cana-4615	82	10	move	move	NOUN
cana-4615	82	11	,	,	PUNCT
cana-4615	82	12	hedge	hedge	NOUN
cana-4615	82	13	mtm	mtm	PROPN
cana-4615	82	14	and	and	CCONJ
cana-4615	82	15	the	the	DET
cana-4615	82	16	hedge	hedge	NOUN
cana-4615	82	17	effectiveness	effectiveness	NOUN
cana-4615	82	18	for	for	ADP
cana-4615	82	19	january	january	PROPN
cana-4615	82	20	2023	2023	NUM
cana-4615	82	21	.	.	PUNCT
cana-4615	83	1	the	the	DET
cana-4615	83	2	first	first	ADJ
cana-4615	83	3	column	column	NOUN
cana-4615	83	4	shows	show	VERB
cana-4615	83	5	the	the	DET
cana-4615	83	6	$	$	SYM
cana-4615	83	7	impact	impact	NOUN
cana-4615	83	8	of	of	ADP
cana-4615	83	9	basis	basis	NOUN
cana-4615	83	10	move	move	NOUN
cana-4615	83	11	using	use	VERB
cana-4615	83	12	the	the	DET
cana-4615	83	13	both	both	DET
cana-4615	83	14	components	component	NOUN
cana-4615	83	15	of	of	ADP
cana-4615	83	16	basis	basis	NOUN
cana-4615	83	17	viz	viz	PROPN
cana-4615	83	18	.	.	PUNCT
cana-4615	84	1	congestion	congestion	NOUN
cana-4615	84	2	&	&	CCONJ
cana-4615	84	3	fees	fee	NOUN
cana-4615	84	4	while	while	SCONJ
cana-4615	84	5	the	the	DET
cana-4615	84	6	second	second	ADJ
cana-4615	84	7	column	column	NOUN
cana-4615	84	8	shows	show	VERB
cana-4615	84	9	the	the	DET
cana-4615	84	10	$	$	SYM
cana-4615	84	11	impact	impact	NOUN
cana-4615	84	12	using	use	VERB
cana-4615	84	13	only	only	ADV
cana-4615	84	14	the	the	DET
cana-4615	84	15	congestion	congestion	NOUN
cana-4615	84	16	component	component	NOUN
cana-4615	84	17	of	of	ADP
cana-4615	84	18	basis	basis	NOUN
cana-4615	84	19	.	.	PUNCT
cana-4615	85	1	the	the	DET
cana-4615	85	2	hedge	hedge	NOUN
cana-4615	85	3	mtm	mtm	PROPN
cana-4615	85	4	is	be	AUX
cana-4615	85	5	positive	positive	ADJ
cana-4615	85	6	showing	showing	NOUN
cana-4615	85	7	that	that	SCONJ
cana-4615	85	8	,	,	PUNCT
cana-4615	85	9	the	the	DET
cana-4615	85	10	hedge	hedge	NOUN
cana-4615	85	11	moves	move	VERB
cana-4615	85	12	opposite	opposite	ADV
cana-4615	85	13	to	to	PART
cana-4615	85	14	basis	basis	VERB
cana-4615	85	15	.	.	PUNCT
cana-4615	86	1	the	the	DET
cana-4615	86	2	table	table	NOUN
cana-4615	86	3	also	also	ADV
cana-4615	86	4	shows	show	VERB
cana-4615	86	5	the	the	DET
cana-4615	86	6	effectiveness	effectiveness	NOUN
cana-4615	86	7	of	of	ADP
cana-4615	86	8	the	the	DET
cana-4615	86	9	hedge	hedge	NOUN
cana-4615	86	10	using	use	VERB
cana-4615	86	11	$	$	SYM
cana-4615	86	12	impact	impact	NOUN
cana-4615	86	13	of	of	ADP
cana-4615	86	14	both	both	DET
cana-4615	86	15	kinds	kind	NOUN
cana-4615	86	16	of	of	ADP
cana-4615	86	17	basis	basis	NOUN
cana-4615	86	18	move	move	NOUN
cana-4615	86	19	.	.	PUNCT
cana-4615	87	1	communications	communication	NOUN
cana-4615	87	2	on	on	ADP
cana-4615	87	3	applied	apply	VERB
cana-4615	87	4	nonlinear	nonlinear	ADJ
cana-4615	87	5	analysis	analysis	NOUN
cana-4615	87	6	issn	issn	NOUN
cana-4615	87	7	:	:	PUNCT
cana-4615	87	8	1074	1074	NUM
cana-4615	87	9	-	-	PUNCT
cana-4615	87	10	133x	133x	NUM
cana-4615	87	11	vol	vol	NOUN
cana-4615	87	12	32	32	NUM
cana-4615	87	13	no	no	NOUN
cana-4615	87	14	.	.	NOUN
cana-4615	87	15	1	1	NUM
cana-4615	87	16	(	(	PUNCT
cana-4615	87	17	2025	2025	NUM
cana-4615	87	18	)	)	PUNCT
cana-4615	87	19	414	414	NUM
cana-4615	87	20	https://internationalpubls.com	https://internationalpubls.com	X
cana-4615	88	1	the	the	DET
cana-4615	88	2	hedge	hedge	NOUN
cana-4615	88	3	amount	amount	NOUN
cana-4615	88	4	has	have	AUX
cana-4615	88	5	been	be	AUX
cana-4615	88	6	computed	compute	VERB
cana-4615	88	7	using	use	VERB
cana-4615	88	8	pc	pc	NOUN
cana-4615	88	9	analysis	analysis	NOUN
cana-4615	88	10	on	on	ADP
cana-4615	88	11	congestion	congestion	NOUN
cana-4615	88	12	;	;	PUNCT
cana-4615	88	13	so	so	CCONJ
cana-4615	88	14	the	the	DET
cana-4615	88	15	hedge	hedge	NOUN
cana-4615	88	16	effectiveness	effectiveness	NOUN
cana-4615	88	17	computed	compute	VERB
cana-4615	88	18	using	use	VERB
cana-4615	88	19	,	,	PUNCT
cana-4615	88	20	only	only	ADV
cana-4615	88	21	congestion	congestion	NOUN
cana-4615	88	22	component	component	NOUN
cana-4615	88	23	as	as	ADP
cana-4615	88	24	a	a	DET
cana-4615	88	25	reference	reference	NOUN
cana-4615	88	26	,	,	PUNCT
cana-4615	88	27	is	be	AUX
cana-4615	88	28	~	~	PUNCT
cana-4615	88	29	69	69	NUM
cana-4615	88	30	%	%	NOUN
cana-4615	88	31	which	which	PRON
cana-4615	88	32	is	be	AUX
cana-4615	88	33	also	also	ADV
cana-4615	88	34	the	the	DET
cana-4615	88	35	variation	variation	NOUN
cana-4615	88	36	explained	explain	VERB
cana-4615	88	37	by	by	ADP
cana-4615	88	38	pc1	pc1	PROPN
cana-4615	88	39	.	.	PUNCT
cana-4615	89	1	the	the	DET
cana-4615	89	2	hedge	hedge	NOUN
cana-4615	89	3	effectiveness	effectiveness	NOUN
cana-4615	89	4	computed	compute	VERB
cana-4615	89	5	using	use	VERB
cana-4615	89	6	both	both	CCONJ
cana-4615	89	7	congestion	congestion	NOUN
cana-4615	89	8	and	and	CCONJ
cana-4615	89	9	fees	fee	NOUN
cana-4615	89	10	is	be	AUX
cana-4615	89	11	close	close	ADJ
cana-4615	89	12	about	about	ADV
cana-4615	89	13	70	70	NUM
cana-4615	89	14	%	%	NOUN
cana-4615	89	15	which	which	PRON
cana-4615	89	16	is	be	AUX
cana-4615	89	17	along	along	ADP
cana-4615	89	18	expected	expect	VERB
cana-4615	89	19	lines	line	NOUN
cana-4615	89	20	because	because	SCONJ
cana-4615	89	21	loss	loss	NOUN
cana-4615	89	22	is	be	AUX
cana-4615	89	23	a	a	DET
cana-4615	89	24	small	small	ADJ
cana-4615	89	25	component	component	NOUN
cana-4615	89	26	of	of	ADP
cana-4615	89	27	basis	basis	NOUN
cana-4615	89	28	.	.	PUNCT
cana-4615	90	1	the	the	DET
cana-4615	90	2	pca	pca	PROPN
cana-4615	90	3	analysis	analysis	NOUN
cana-4615	90	4	for	for	ADP
cana-4615	90	5	february	february	PROPN
cana-4615	90	6	as	as	SCONJ
cana-4615	90	7	follows	follow	VERB
cana-4615	90	8	.	.	PUNCT
cana-4615	91	1	as	as	SCONJ
cana-4615	91	2	shown	show	VERB
cana-4615	91	3	in	in	ADP
cana-4615	91	4	table	table	NOUN
cana-4615	91	5	below	below	ADV
cana-4615	91	6	,	,	PUNCT
cana-4615	91	7	pc1	pc1	PROPN
cana-4615	91	8	explains	explain	VERB
cana-4615	91	9	~	~	PUNCT
cana-4615	91	10	51	51	NUM
cana-4615	91	11	%	%	NOUN
cana-4615	91	12	of	of	ADP
cana-4615	91	13	p&l	p&l	PROPN
cana-4615	91	14	variation	variation	NOUN
cana-4615	91	15	while	while	SCONJ
cana-4615	91	16	pc1	pc1	PROPN
cana-4615	91	17	and	and	CCONJ
cana-4615	91	18	pc2	pc2	NOUN
cana-4615	91	19	combined	combine	VERB
cana-4615	91	20	together	together	ADV
cana-4615	91	21	explains	explain	VERB
cana-4615	91	22	68	68	NUM
cana-4615	91	23	%	%	NOUN
cana-4615	91	24	of	of	ADP
cana-4615	91	25	variation	variation	NOUN
cana-4615	91	26	in	in	ADP
cana-4615	91	27	p&l	p&l	PROPN
cana-4615	91	28	.	.	PUNCT
cana-4615	92	1	the	the	DET
cana-4615	92	2	hedge	hedge	NOUN
cana-4615	92	3	effectiveness	effectiveness	NOUN
cana-4615	92	4	for	for	ADP
cana-4615	92	5	february	february	NOUN
cana-4615	92	6	using	use	VERB
cana-4615	92	7	only	only	ADJ
cana-4615	92	8	congestion	congestion	NOUN
cana-4615	92	9	as	as	ADP
cana-4615	92	10	a	a	DET
cana-4615	92	11	reference	reference	NOUN
cana-4615	92	12	is	be	AUX
cana-4615	92	13	57	57	NUM
cana-4615	92	14	%	%	NOUN
cana-4615	92	15	which	which	PRON
cana-4615	92	16	is	be	AUX
cana-4615	92	17	close	close	ADJ
cana-4615	92	18	to	to	ADP
cana-4615	92	19	variation	variation	NOUN
cana-4615	92	20	explained	explain	VERB
cana-4615	92	21	by	by	ADP
cana-4615	92	22	pc1	pc1	PROPN
cana-4615	92	23	.	.	PUNCT
cana-4615	93	1	similar	similar	ADJ
cana-4615	93	2	to	to	ADP
cana-4615	93	3	january	january	PROPN
cana-4615	93	4	,	,	PUNCT
cana-4615	93	5	for	for	ADP
cana-4615	93	6	february	february	PROPN
cana-4615	93	7	also	also	ADV
cana-4615	93	8	,	,	PUNCT
cana-4615	93	9	the	the	DET
cana-4615	93	10	hedge	hedge	NOUN
cana-4615	93	11	effectiveness	effectiveness	NOUN
cana-4615	93	12	using	use	VERB
cana-4615	93	13	both	both	CCONJ
cana-4615	93	14	congestion	congestion	NOUN
cana-4615	93	15	and	and	CCONJ
cana-4615	93	16	losses	loss	NOUN
cana-4615	93	17	is	be	AUX
cana-4615	93	18	close	close	ADJ
cana-4615	93	19	to	to	ADP
cana-4615	93	20	the	the	DET
cana-4615	93	21	former	former	ADJ
cana-4615	93	22	one	one	NUM
cana-4615	93	23	.	.	PUNCT
cana-4615	94	1	communications	communication	NOUN
cana-4615	94	2	on	on	ADP
cana-4615	94	3	applied	apply	VERB
cana-4615	94	4	nonlinear	nonlinear	ADJ
cana-4615	94	5	analysis	analysis	NOUN
cana-4615	94	6	issn	issn	NOUN
cana-4615	94	7	:	:	PUNCT
cana-4615	94	8	1074	1074	NUM
cana-4615	94	9	-	-	PUNCT
cana-4615	94	10	133x	133x	NUM
cana-4615	94	11	vol	vol	NOUN
cana-4615	94	12	32	32	NUM
cana-4615	94	13	no	no	NOUN
cana-4615	94	14	.	.	NOUN
cana-4615	94	15	1	1	NUM
cana-4615	94	16	(	(	PUNCT
cana-4615	94	17	2025	2025	NUM
cana-4615	94	18	)	)	PUNCT
cana-4615	94	19	415	415	NUM
cana-4615	94	20	https://internationalpubls.com	https://internationalpubls.com	X
cana-4615	94	21	in	in	ADP
cana-4615	94	22	this	this	DET
cana-4615	94	23	example	example	NOUN
cana-4615	94	24	,	,	PUNCT
cana-4615	94	25	only	only	ADV
cana-4615	94	26	pc1	pc1	PROPN
cana-4615	94	27	was	be	AUX
cana-4615	94	28	hedged	hedge	VERB
cana-4615	94	29	but	but	CCONJ
cana-4615	94	30	pc2	pc2	NOUN
cana-4615	94	31	can	can	AUX
cana-4615	94	32	also	also	ADV
cana-4615	94	33	be	be	AUX
cana-4615	94	34	hedged	hedge	VERB
cana-4615	94	35	.	.	PUNCT
cana-4615	95	1	if	if	SCONJ
cana-4615	95	2	that	that	PRON
cana-4615	95	3	were	be	AUX
cana-4615	95	4	to	to	PART
cana-4615	95	5	be	be	AUX
cana-4615	95	6	done	do	VERB
cana-4615	95	7	,	,	PUNCT
cana-4615	95	8	a	a	DET
cana-4615	95	9	completely	completely	ADV
cana-4615	95	10	different	different	ADJ
cana-4615	95	11	instrument	instrument	NOUN
cana-4615	95	12	will	will	AUX
cana-4615	95	13	have	have	VERB
cana-4615	95	14	to	to	PART
cana-4615	95	15	be	be	AUX
cana-4615	95	16	used	use	VERB
cana-4615	95	17	because	because	SCONJ
cana-4615	95	18	pc1	pc1	PROPN
cana-4615	95	19	and	and	CCONJ
cana-4615	95	20	pc	pc	NOUN
cana-4615	95	21	2	2	NUM
cana-4615	95	22	are	be	AUX
cana-4615	95	23	orthogonal	orthogonal	ADJ
cana-4615	95	24	.	.	PUNCT
cana-4615	96	1	communications	communication	NOUN
cana-4615	96	2	on	on	ADP
cana-4615	96	3	applied	apply	VERB
cana-4615	96	4	nonlinear	nonlinear	ADJ
cana-4615	96	5	analysis	analysis	NOUN
cana-4615	96	6	issn	issn	NOUN
cana-4615	96	7	:	:	PUNCT
cana-4615	96	8	1074	1074	NUM
cana-4615	96	9	-	-	PUNCT
cana-4615	96	10	133x	133x	NUM
cana-4615	96	11	vol	vol	NOUN
cana-4615	96	12	32	32	NUM
cana-4615	96	13	no	no	NOUN
cana-4615	96	14	.	.	NOUN
cana-4615	96	15	1	1	NUM
cana-4615	96	16	(	(	PUNCT
cana-4615	96	17	2025	2025	NUM
cana-4615	96	18	)	)	PUNCT
cana-4615	96	19	416	416	NUM
cana-4615	96	20	https://internationalpubls.com	https://internationalpubls.com	X
cana-4615	96	21	7	7	X
cana-4615	96	22	.	.	PUNCT
cana-4615	96	23	conclusion	conclusion	VERB
cana-4615	96	24	the	the	DET
cana-4615	96	25	framework	framework	NOUN
cana-4615	96	26	of	of	ADP
cana-4615	96	27	principal	principal	ADJ
cana-4615	96	28	component	component	NOUN
cana-4615	96	29	analysis	analysis	NOUN
cana-4615	96	30	was	be	AUX
cana-4615	96	31	employed	employ	VERB
cana-4615	96	32	to	to	PART
cana-4615	96	33	reduce	reduce	VERB
cana-4615	96	34	the	the	DET
cana-4615	96	35	dimension	dimension	NOUN
cana-4615	96	36	of	of	ADP
cana-4615	96	37	basis	basis	NOUN
cana-4615	96	38	portfolio	portfolio	NOUN
cana-4615	96	39	and	and	CCONJ
cana-4615	96	40	it	it	PRON
cana-4615	96	41	was	be	AUX
cana-4615	96	42	successfully	successfully	ADV
cana-4615	96	43	used	use	VERB
cana-4615	96	44	to	to	PART
cana-4615	96	45	hedge	hedge	VERB
cana-4615	96	46	the	the	DET
cana-4615	96	47	risk	risk	NOUN
cana-4615	96	48	in	in	ADP
cana-4615	96	49	the	the	DET
cana-4615	96	50	basis	basis	NOUN
cana-4615	96	51	portfolio	portfolio	NOUN
cana-4615	96	52	for	for	ADP
cana-4615	96	53	winter	winter	NOUN
cana-4615	96	54	2023	2023	NUM
cana-4615	96	55	delivery	delivery	NOUN
cana-4615	96	56	in	in	ADP
cana-4615	96	57	pjm	pjm	PROPN
cana-4615	96	58	market	market	NOUN
cana-4615	96	59	.	.	PUNCT
cana-4615	97	1	this	this	DET
cana-4615	97	2	methodology	methodology	NOUN
cana-4615	97	3	overcomes	overcome	VERB
cana-4615	97	4	the	the	DET
cana-4615	97	5	limitations	limitation	NOUN
cana-4615	97	6	that	that	PRON
cana-4615	97	7	portfolio	portfolio	NOUN
cana-4615	97	8	managers	manager	NOUN
cana-4615	97	9	faces	face	VERB
cana-4615	97	10	to	to	PART
cana-4615	97	11	hedge	hedge	VERB
cana-4615	97	12	the	the	DET
cana-4615	97	13	basis	basis	NOUN
cana-4615	97	14	risks	risk	NOUN
cana-4615	97	15	and	and	CCONJ
cana-4615	97	16	it	it	PRON
cana-4615	97	17	can	can	AUX
cana-4615	97	18	employed	employ	VERB
cana-4615	97	19	to	to	PART
cana-4615	97	20	reduce	reduce	VERB
cana-4615	97	21	variability	variability	NOUN
cana-4615	97	22	in	in	ADP
cana-4615	97	23	power	power	NOUN
cana-4615	97	24	portfolio	portfolio	NOUN
cana-4615	97	25	.	.	PUNCT
cana-4615	98	1	references	reference	NOUN
cana-4615	98	2	1	1	NUM
cana-4615	98	3	.	.	PUNCT
cana-4615	99	1	h.	h.	PROPN
cana-4615	99	2	n.	n.	PROPN
cana-4615	99	3	e.	e.	PROPN
cana-4615	99	4	byström	byström	PROPN
cana-4615	99	5	,	,	PUNCT
cana-4615	99	6	the	the	DET
cana-4615	99	7	hedging	hedging	NOUN
cana-4615	99	8	performance	performance	NOUN
cana-4615	99	9	of	of	ADP
cana-4615	99	10	electricity	electricity	NOUN
cana-4615	99	11	futures	future	NOUN
cana-4615	99	12	on	on	ADP
cana-4615	99	13	the	the	DET
cana-4615	99	14	nordic	nordic	ADJ
cana-4615	99	15	power	power	PROPN
cana-4615	99	16	exchange	exchange	PROPN
cana-4615	99	17	,	,	PUNCT
cana-4615	99	18	applied	apply	VERB
cana-4615	99	19	economics	economic	NOUN
cana-4615	99	20	,	,	PUNCT
cana-4615	99	21	2003	2003	NUM
cana-4615	99	22	2	2	NUM
cana-4615	99	23	.	.	PUNCT
cana-4615	100	1	g.zanotti	g.zanotti	PUNCT
cana-4615	100	2	&	&	CCONJ
cana-4615	100	3	g.gabbi	g.gabbi	PROPN
cana-4615	100	4	&	&	CCONJ
cana-4615	100	5	m.geranio	m.geranio	PROPN
cana-4615	100	6	,	,	PUNCT
cana-4615	100	7	hedging	hedge	VERB
cana-4615	100	8	with	with	ADP
cana-4615	100	9	futures	future	NOUN
cana-4615	100	10	:	:	PUNCT
cana-4615	100	11	efficacy	efficacy	NOUN
cana-4615	100	12	of	of	ADP
cana-4615	100	13	garch	garch	NOUN
cana-4615	100	14	correlation	correlation	NOUN
cana-4615	100	15	models	model	NOUN
cana-4615	100	16	to	to	ADP
cana-4615	100	17	european	european	ADJ
cana-4615	100	18	electricity	electricity	NOUN
cana-4615	100	19	markets	market	NOUN
cana-4615	100	20	,	,	PUNCT
cana-4615	100	21	journal	journal	NOUN
cana-4615	100	22	of	of	ADP
cana-4615	100	23	international	international	ADJ
cana-4615	100	24	financial	financial	ADJ
cana-4615	100	25	markets	market	NOUN
cana-4615	100	26	,	,	PUNCT
cana-4615	100	27	instituitions	instituition	NOUN
cana-4615	100	28	and	and	CCONJ
cana-4615	100	29	money	money	NOUN
cana-4615	100	30	,	,	PUNCT
cana-4615	100	31	april	april	PROPN
cana-4615	100	32	2010	2010	NUM
cana-4615	100	33	3	3	NUM
cana-4615	100	34	.	.	PUNCT
cana-4615	100	35	j.hanly	j.hanly	ADV
cana-4615	100	36	&	&	CCONJ
cana-4615	100	37	l.morales	l.morale	NOUN
cana-4615	100	38	&	&	CCONJ
cana-4615	100	39	d.cassells	d.cassell	NOUN
cana-4615	100	40	,	,	PUNCT
cana-4615	100	41	the	the	DET
cana-4615	100	42	efficacy	efficacy	NOUN
cana-4615	100	43	of	of	ADP
cana-4615	100	44	financial	financial	ADJ
cana-4615	100	45	futures	future	NOUN
cana-4615	100	46	as	as	ADP
cana-4615	100	47	a	a	DET
cana-4615	100	48	hedging	hedging	NOUN
cana-4615	100	49	tool	tool	NOUN
cana-4615	100	50	in	in	ADP
cana-4615	100	51	electricity	electricity	NOUN
cana-4615	100	52	markets	market	NOUN
cana-4615	100	53	,	,	PUNCT
cana-4615	100	54	international	international	ADJ
cana-4615	100	55	journal	journal	NOUN
cana-4615	100	56	of	of	ADP
cana-4615	100	57	finance	finance	NOUN
cana-4615	100	58	and	and	CCONJ
cana-4615	100	59	economics	economic	NOUN
cana-4615	100	60	,	,	PUNCT
cana-4615	100	61	2018	2018	NUM
cana-4615	100	62	4	4	NUM
cana-4615	100	63	.	.	PUNCT
cana-4615	100	64	n.	n.	PROPN
cana-4615	100	65	kambhatla	kambhatla	PROPN
cana-4615	100	66	&	&	CCONJ
cana-4615	100	67	t.	t.	PROPN
cana-4615	100	68	leen	leen	PROPN
cana-4615	100	69	,	,	PUNCT
cana-4615	100	70	dimension	dimension	NOUN
cana-4615	100	71	reduction	reduction	NOUN
cana-4615	100	72	by	by	ADP
cana-4615	100	73	local	local	ADJ
cana-4615	100	74	principal	principal	ADJ
cana-4615	100	75	component	component	NOUN
cana-4615	100	76	analysis	analysis	NOUN
cana-4615	100	77	,	,	PUNCT
cana-4615	100	78	mit	mit	NOUN
cana-4615	100	79	press	press	NOUN
cana-4615	100	80	direct	direct	NOUN
cana-4615	100	81	.	.	PUNCT
cana-4615	101	1	july	july	PROPN
cana-4615	101	2	1997	1997	NUM
cana-4615	101	3	.	.	PUNCT