The Commercial Operations and Origination group seeks to optimize the value of our power generation and related assets. We work closely with our Plant Operations group to economically dispatch our generation fleet. To effectively manage economic risk, we sell energy and purchase fuel on a forward basis.
We sell electric energy, generation capacity and ancillary service products to a variety of power customers, including:
independent power producers
power grids/ISOs
investor-owned utilities
municipalities
cooperatives
other companies that serve end users
Flexibility in the marketplace
Because our facilities are not subject to traditional cost-based regulation, we can generally sell electricity at market-determined prices. We sell these products in hour-ahead, day-ahead, forward bilateral and ISO markets.
Our origination group identifies opportunities to purchase or sell non-standard energy products and services. The group tailors custom solutions that create value for our wholesale customers and the company.
To ensure an adequate supply of fuel, we purchase natural gas, coal and fuel oil for our generation plants from a variety of suppliers under daily, monthly and longer-term contracts. We also contract for a variety of transportation arrangements under short-term, long-term, firm and interruptible agreements.
Strength in our network
We are a member of several Regional Transmission Organizations (RTO) and Independent System Operators (ISO) organizations such as the Electric Reliability Council of Texas (ERCOT), the PJM Interconnection (PJM), the Midwest ISO (MISO), the California ISO (CAISO) and the New York ISO (NYISO). We also participate in the energy markets in the southeast, primarily in Florida.
The commercial operations group works with these organizations to ensure a safe, reliable supply of electricity to the grid through participation in ISO-sponsored markets for energy and ancillary services. Our company also secures transmission rights through RTO and ISO-sponsored auctions.
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