|Capital Power Selects Allegro Energy Trading & Risk Management Solution|
Allegro Platform to Optimize Trading and Support Portfolio Growth
DALLAS, TX, June 30, 2011 - Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that Capital Power Corporation has chosen the Allegro 8 platform to support its power, natural gas, and emissions commodity portfolio management. Capital Power wants an integrated platform to support its growing assets and provide visibility into its multi-commodity portfolio.
Capital Power has a vision to become one of North America’s largest and most reliable power producers. It develops, acquires, and operates power generation assets from a diverse range of energy sources. Headquartered in Edmonton, Alberta, the company has interests in 34 facilities in Canada and the United States, totaling nearly 4,855 megawatts (MWs) of generation capacity. Capital Power pursues strategic growth through a targeted, disciplined acquisition strategy, with a publicly stated goal of reaching 10,000 megawatts of generation capacity by 2020.
“We are in a period of significant growth and need an integrated, flexible platform to scale with our expanding portfolio. Allegro offers the technology architecture, extensibility, and functionality to meet a number of our business objectives,” said Capital Power VP of Commodity Portfolio Management, Gordon Barr. “The system will provide end-to-end transaction support to our business and is a cornerstone of our infrastructure to manage risk and optimize our portfolio.”
About Allegro Development
Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 29 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities. Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.
For further information please contact Samantha Johnston at email@example.com or +184.108.40.20649.