ACES Power Marketing Finalizes Deal to Help Manage BPA Slice Product

CARMEL, Ind., May 19, 2011 /PRNewswire/ -- ACES Power Marketing (APM) – a nationally recognized wholesale energy risk management and transaction execution service company – has entered into a long-term services agreement with Okanogan County Public Utility District No. 1, located in Washington State, to assist Okanogan's current Slice manager by monitoring Slice Contract schedules during non-business (off-peak) hours and, advising on necessary schedule changes. Okanogan's current Slice manager is Douglas County PUD.

APM has begun the implementation process, and expects to go-live with its services on October 1, 2011, the anticipated launch date for BPA's new Slice Product.  

The innovative agreement between APM and Okanogan allows Okanogan to retain its existing Slice manager while insuring that the incremental demands of the new BPA Slice Contract are met, taking advantage of APM's 24-hour operations and seven real-time trading and scheduling desks.

"APM's flexible service offerings allowed Okanogan to take just the services we needed," said John Grubich, Okanogan County PUD General Manager. "This agreement will allow us to retain Douglas PUD as our Slice manager while giving us the flexibility to respond to changes in the new BPA Slice Contract we signed last year."

"This service agreement with Okanogan fits well with our strategy of controlled, incremental growth, and it creates an opportunity for APM to expand its existing customer base and service offerings in the Pacific Northwest," said David J. Tudor, President and CEO of APM.  

About Okanogan

The Mission of the Okanogan County PUD is to provide dependable, not-for-profit utility services governed by, and for the benefit of, their customers in a safe and environmentally responsible manner. Okanogan County PUD serves over 20,000 customers with annual retail sales of over 570,000 MWh.

About ACES Power Marketing

ACES Power Marketing, headquartered in Carmel, Indiana, began its operations in February of 1999, and is owned by eighteen (18) power supply cooperatives. It also provides services to over 50 customers including cooperatives, municipals, irrigation and public water agencies, financial institutions, industrial companies and independent power producers.

APM's business strategy is unique in the energy marketing and trading industry. It operates as an energy risk management and hedge manager, developing strategies, implementing trading controls, and managing transaction execution for multiple entities as their legal agent. APM's business process allows its customers to actively participate in the hedging strategy by collectively utilizing APM's infrastructure and resources to assess risks and execute specific, customized portfolio strategies. APM does not transact for its own account, nor does it speculate in the market for its owners or customers.

Questions for ACES Power Marketing can be directed to John Sturm, Vice President of Corporate and Regulatory Affairs, at (317) 344-7034 or [email protected].

Questions for Okanogan PUD can be directed to Ron Gadeberg, Power Resource Manager, at (509) 422-8488 or [email protected].

SOURCE ACES Power Marketing