Nord Pool president joins APX

Automated Power Exchange Inc. (APX)- which operates Internet-based exchanges and clearinghouses for electricity, energy transmission and market and scheduling services to support power system administration-recently announced that Nord Pool President and CEO Per Hjorth will join APX. Hjorth will be managing director of APX`s European businesses. As the chief executive for APX in Europe, Hjorth will be responsible for rolling out the company`s e-commerce services throughout the region, including wholesale electricity exchanges, such as the APX U.K. market to open in second quarter 2000, and information management and market services to support transmission system operators. Hjorth leaves Nord Pool ASA, the Nordic Power Exchange based in Oslo, Norway, after serving as its chief executive officer for nearly six years. Nord Pool is the world`s first international commodity exchange for electric power.

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