Houston, TX (Vocus/PRWEB) February 08, 2011
Seattle City Light (SCL), one of the largest public electric utilities in the United States, has gone live with SunGard’s Aligne power operations, and selected SunGard’s Aligne trading and risk management solution to support its generation, wholesale and retail operations.
Seattle City Light selected SunGard’s Aligne suite because it is a fully integrated front-, middle- and back-office solution. The suite includes support for physical and financial power trading, generation management and position keeping, e-tagging and transmission management, price and credit risk management, settlement and accounting, and independent forward curves.
“Seattle City Light requires an integrated solution that can increase our operational efficiency and give us greater transparency into our position and risk,” said Steve Kern, power supply and environmental affairs officer, Seattle City Light. “We upgraded from SunGard’s ACES to Aligne Power Operations, and expanded our usage to include the Aligne Trading and Risk Management module in support of those two key goals for our business.”
“Seattle City Light’s selection of Aligne is a strong endorsement of our fully integrated solution for energy market participants. We are proud to add Seattle City Light to a growing list of customers that have implemented or upgraded to Aligne since its launch in April 2009,” said Ben Jackson, senior executive vice president of SunGard’s Energy and Commodities business unit.
About Seattle City Light
Seattle City Light is the 10th largest public electric utility in the United States. It has some of the lowest cost customer rates of any urban utility, providing reliable, renewable and environmentally responsible power to nearly 1 million Seattle area residents. City Light has been greenhouse gas neutral since 2005, the first electric utility in the nation to achieve that distinction. For more information visit http://www.seattle.gov/light
About SunGard’s Aligne
SunGard’s Aligne is a multi-commodity software solution suite that helps energy companies to more efficiently and profitably trade and market energy, process transactions, manage risk, and optimize operational and financial decisions. Leveraging a service-oriented architecture, Aligne is a configurable, modular and highly scalable solution. It integrates trading, risk and control, credit, scheduling, fuels procurement, emissions compliance, back-office and finance for straight-through processing of commodity transactions. For more information, visit http://www.sungard.com/energy.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Aligne are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.