COMPANY HISTORY AND STATISTICS

G&T Cooperatives Band Together

During the volatile energy markets of the late 1990s, several generation and transmission cooperatives envisioned the creation of a new energy marketing company.  The purpose of this company would be to provide wholesale energy risk management services.  The Alliance for Cooperative Energy Services Power Marketing, or ACES Power Marketing (APM), is the direct result of the dedicated efforts of these forward thinking coops.

Client Focus Propels Growth

Since its formation in February 1999, APM has become a nationally recognized wholesale energy trading and risk management firm that has maintained its client-oriented focus of providing quality service.  Today, APM is one of the largest physical electricity traders in the nation.

Broad Range of Clients

Although APM was originally created by and for cooperatives, its energy risk management services are applicable to, and provide value for, a broad range of Clients, including Independent Power Producers, Investor-Owned Utilities, Financial Institutions, Municipal Power Utilities, Industrial Companies, Renewable Energy Providers, and other energy industry participants. 

Company Statistics

 
2001 2002 2003 2004 2005 2006 2007 2008
Owners 7 12 14 15 15 15 16 17
Clients 8 18 18 23 27 30 43 49
Portfolio MWs 15,800 22,000 23,800 24,400 25,900 28,500 30,000 44,100
Revenue (millions) $12.5 $13.4 $16.8 $19.9 $24.5 $25.0 $27.3 $29.0
Equity (millions) $4.4 $6.8 $9.5 $11.5 $13.3 $13.5 $15.3 $15.4