CARMEL, Ind., Feb. 20, 2012 /PRNewswire/ -- ACES Power Marketing (APM) – a nationally recognized wholesale energy risk management and transaction execution service company – has relocated its East Regional Trading Center (ERTC) in North Carolina. APM purchased a 12,400 square foot, $1.84 million building in Raleigh during July 2011. Since the purchase, APM has enhanced the facility to meet its specific technology and communication requirements. Operations from the new facility began on February 18, 2012.
APM's Director of Network Services, Brandon Robinson, addressed preparations for the building by stating, "The new ERTC building was designed to meet the needs of the local APM office while also providing our primary business continuity location for our headquarters facility in Carmel, Indiana. To accommodate these requirements, we have outfitted the building's datacenter with automated fire suppression, redundant telecommunications providers, and battery backup with an on-site emergency generator for power backup of the datacenter and trade floor."
APM was previously leasing a facility and decided to make the move based on a favorable real estate market and purchase a facility that would allow for business growth and service expansion. The ERTC currently houses 25 of APM's 211 employees.
Commenting on the new facility, APM's President and CEO, David J. Tudor stated, "The purchase made sense from both a financial and growth standpoint. The new building will give us the physical space needed to grow with our members and customers as well as expand our scope of services being delivered out of the ERTC."
About ACES Power Marketing
ACES Power Marketing, headquartered in Carmel, Indiana, began its operations in February of 1999, and is owned by nineteen (19) 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].
SOURCE ACES Power Marketing
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