2005 Annual Report - Expanding Western Business Opportunities
Expanding Western Business Opportunities
Powerex Expands Trading and Sales
In fiscal 2005 Powerex continued to benefit from a number of Information Technology initiatives focused on enhancing trading performance, improving operational efficiencies and reducing risk. Specifically, Powerex completed or began implementation of systems and integration to advance its market and credit risk management capabilities, support collaboration and records management requirements, address scheduling and regulatory changes, refine business process automation and increase trading in new and existing markets.
During the year, Powerex established new trade activities in all regions, increased gas trading, made improvements in operational efficiency and continued its strong financial performance. Powerex also continued to build on its relationships with B.C.-based Independent Power Producers (IPPs) with the purchase of almost 1,500 GWh. The energy supplied by green IPPs in B.C. supported the sale of up to 30,800 Green Power Certificates (equivalent to the green attributes and emission reductions from 30,800 MWh of green power generation) to one of Powerex’s key U.S. customers.
In support of the Western Opportunities goal, in fiscal 2006 Powerex anticipates increasing sales volumes to 31,000 GWh through continued sales to its traditional western North American markets and expansion of its activities in other North American markets. Powerex also plans to increase trading in natural gas markets.
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Last Modified: Mar 21, 2006
