| Utility Success Story |
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IT Rationalization, Process and Controls, Market Data, Risk Management In anticipation of deregulation in the electricity markets, this Fortune 200 company established a new marketing company as its non-regulated marketing division. The company’s policy was to set low risk limits and growth targets until effective controls were demonstrably in place. Within 6 months, a new Trading System was selected and implemented, Policies and Procedures written and approved, and effective controls put into place that would monitor all trading activity from inception to settlement. This enabled the marketing company growth to increase in a controlled but aggressive manner, and to enjoy a nearly 800% growth in net profits the next fiscal year with zero significant losses due to compliance issues or operational error. |
