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 |