E&G TRADING BRIEFS

E-lecTrade adds advanced credit features

E-lecTrade Inc. added advanced credit management and “percent of pool” transaction capabilities to its online structuring desk so participants can manage counterparty credit risk more effectively. Credit managers can take into account the type of electricity being bought or sold, whether transactions are settled physically or financially, duration of the contract, delivery date, and monthly or seasonal limits.

The Structure Group & Energy Services Group form alliance

The Structure Group, an international software and consulting company providing integrated solutions for the deregulated energy industry, announced an alliance with Energy Services Group (ESG), a strategic source of managed e-commerce, clearinghouse and billing services for competitive natural gas and electricity markets. The alliance leverages ESG’s electronic transaction management systems with Structure’s business consulting and software integration skills and will assist utilities and energy retailers entering competitive markets in the United States and Canada with a comprehensive business and IT solution for electronic data interchange and billing issues.

Triple Point acquires Energy Crossroads

In early March, Triple Point Technology unveiled Power XL, a trading system for electricity and natural gas markets, which enables utilities and power trading companies to calculate and analyze volumetric risk on an hourly basis. In mid-March, Triple Point acquired Energy Crossroads, an application service provider based in Irvine, Calif., to provide an outsourced solution to mid-market utilities, retailers, and independent power producers for managing their transactions in deregulated wholesale markets.

Sempra Energy Trading to acquire Enron’s metal trading business

Sempra Energy Trading announced it has signed an agreement to acquire the metals concentrates business of New York-based Enron Metals & Commodity Corp., a global trader of copper, lead and zinc concentrates, for a cash price of $43.5 million. The purchase is subject to approval by the U.S. Bankruptcy Court.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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