Central Electric Power Cooperative, Inc. (Central) of South Carolina will become the 22nd Member of ACES, effective January 1, 2017. Initially, Central began taking load management services as a customer of ACES in 2014 and will continue receiving a variety of energy risk management services from ACES going forward.
“Central Electric provides generation and transmission services to all 20 electric distribution cooperatives in South Carolina, and from a load perspective, is one of the largest G&T cooperatives in the country. ACES currently provides multiple services to Central Electric, including load management coverage on weekends and during off-hours. ACES also assists Central Electric’s staff hedge our fuel cost and provides IT support. ACES has consistently proven to be a good value for Central Electric’s members and there are several significant benefits to being a member. ACES has become a great resource for G&T cooperatives and, through its membership, Central Electric will have access to the knowledge and experience of G&Ts across the country. ACES is recognized as a leader in wholesale energy risk management, and Central Electric will utilize their expertise to better manage its fuel cost to its Member Cooperatives,” stated Rob Hochstetler, President and CEO of Central.
President and CEO of ACES, Mike Steffes, added, “ACES has developed a strong relationship with Central’s staff over the past few years and we look forward to continuing to support them in the future. Central has a strong commitment to serve its members and build on its successes. We share that commitment and know we will be stronger with Central as a Member of ACES. ACES and its Board of Directors are happy to welcome Central as our newest Member.”
ACES will now be owned by twenty-one generation and transmission cooperatives and one independent distribution cooperative. The company assists its Members and Customers in the management of their energy risk. The Members and Customers served by ACES operate in all of the major electricity markets in the United States and have a collective portfolio of over 50,000 MW of both load and resources. Because ACES does not buy or sell energy on its own behalf, it avoids conflicts of interest and ensures alignment with the best interests of the organizations it serves.
Central Electric Power Cooperative, Inc. (Central) was incorporated and organized in 1948, with headquarters located in Columbia, South Carolina. Central provides total wholesale electric service to all of South Carolina’s 20 retail electric cooperatives who serve over 700,000 accounts across all 46 counties in the state. Central’s Member Cooperatives constitute the only truly statewide electric system in South Carolina and serve customers through a network totaling more than 70,000 miles of distribution line.
On June 6, ACES participated in several presentations at the annual National Rural Utilities Cooperative Finance Corporation’s (CFC) Forum in Seattle. The CFC Forum is intended to be an opportunity for electric cooperatives to gather with other industry professionals to discuss and learn about issues and challenges in the energy industry.
This year, ACES conducted a panel during a breakout session entitled “Embrace the Change: Renewables, Natural Gas, and the Weather,” which featured four ACES employees: Andy Whitesitt, Vice President of Fuels, served as the moderator; Kelly Snyder (Originator) spoke about the changes in the renewable industry; Joe Motuliak (Director of Natural Gas) discussed the ways natural gas is changing the energy landscape; and Adam Simkowski (Meteorologist) highlighted the changing weather patterns the country has been experiencing and how forecasting is adapting to help the energy sector.
The panel was met by a packed house! It was standing room only. Their message was well-received and fit well with the overall theme of the conference: CHANGE. It is evident that change is at the forefront of concerns in our industry and ACES continues to help its Members acclimate to an ever-changing marketplace.
In addition to the panel, Mike Steffes participated on a General Session panel entitled “Electric Utilities in a time of Disruption and Opportunity,” with Sue Kelly (President of the American Public Power Association), which was moderated by Larry Makovich (VP and Senior Power Adviser at IHS). The panel discussion focused on major concerns in the energy industry such as changing technologies, modern consumer demands, policy changes, and economic pressures.
ACES would like to thank CFC for inviting us to be a part of their forum.
ACES hosted its 2nd annual Women in Energy Forum on Wednesday, June 1. This year we were able to expand the Forum to include our Members, Customers, and business partners. The Forum featured two workshops led by Indianapolis-based coaching and mentoring organizations (Stephanie Wood, Integrating Woman Leaders Foundation, and Elcira Villarreal, Diverse Talent Strategies). The Forum was followed by a reception that provided attendees with an opportunity to network. We look forward to continuing this event in the future!
Visit ACES’ Facebook page for pictures from this event.
ACES hosted another successful Members Conference on June 2 and 3 at the JW Marriott in downtown Indianapolis. This year, the conference featured several outside industry expert speakers that covered subjects such as macroeconomics, weather trends, energy markets, natural gas, and environmental regulations. Additionally, Mike Steffes hosted a panel featuring top executives from SPP, ERCOT, MISO, and PJM. ACES would like to extend a special thank you to Mark Schwirtz for serving as master of ceremonies.
Certainly one of the highlights of the conference was having ACES’ two former CEOs and current CEO together in one room!
There were more than 470 attendees at the conference. We appreciate all the feedback received on the conference evaluations. Overall, the conference received an average rating of 4.32 on a 5-point scale, which is one of the highest overall average ratings received to date! We want to thank everyone that completed an evaluation. We appreciate the feedback and are always looking for ways to improve your experience! Make sure you mark your calendars for the 13th Annual Members Conference on June 1 and 2, 2017 at the Downtown Indianapolis Marriott!
Visit ACES’ Facebook page for pictures from this event.
ACES’ registration as a Commodity Trading Advisor (CTA) was approved by the National Futures Association on June 1, 2015. A CTA is an individual or organization that, for compensation or profit, advises others as to the value or advisability of buying or selling futures, options on futures, or swaps and provides advice based on knowledge of, or tailored to, a client’s particular commodity interest account, commodity interest trading activity, or other similar types of information.
ACES began the CTA registration process in January 2015, submitting applications for over 80 employees and Directors. In addition to submitting applications, certain employees completed the National Commodity Futures Exam, or Series 3, and in some cases the National Branch Manager Exam, or Series 30.
ACES CEO Mike Steffes commented, “Obtaining this level of certification is another milestone for ACES. We think it is important to be a CTA, and believe that it further illustrates our commitment to service excellence for our Members and Customers.”