In addition to the daily, bid-week and forward gas and power indexes, Btu comes with the deepest energy price history in the industry, dating back to1991.
Charlottesville, Va. (Vocus) March 6, 2009
SNL Energy, the leading provider of essential business intelligence to the power, natural gas and coal industries, today announced the acquisition from publisher Energy Management Institute of Btu's daily and weekly newsletters and Btu's gas and power price indexes. Btu (http://www.btu.net ) has been providing news, market commentary and top-notch energy commodity price indexes for more than 20 years.
The acquisition adds a team of highly-experienced energy reporters to SNL Energy that will strengthen its news coverage of energy trading and risk management issues and expand its commodity market commentary. It also brings to SNL one of the most respected commodity indexes that, together with SNL's existing indexes, will create the industry's most reliable pricing benchmarks at 106 natural gas and 32 power pricing locations.
"We are delighted to pick up such a knowledgeable staff of veteran energy reporters along with one of the oldest, most-respected and most widely-referenced indexes in energy," said SNL Energy Director of Markets and News, Randy Rischard. "In addition to the daily, bid-week and forward gas and power indexes, Btu comes with the deepest energy price history in the industry, dating back to1991."
"EMI couldn't have asked for a more capable buyer to enhance the quality and content of the Btu publications. We believe that our loyal readers will truly benefit from SNL's market data experience and deep Natural Gas and Power industry content proficiency," said Stephen Gloyd, Energy Management Institute.
Btu's newsletters include Btu's Daily Gaswire, Btu's Daily Power Report and Btu Weekly. Current Btu subscribers include large gas and power utilities, pipelines, producers, end-users and consultants. These subscribers will continue to have access to Btu's news and indexes through SNL's 24/7 online information service.
About SNL Energy:
SNL Energy, a division of SNL Financial, provides comprehensive intelligence for the power, natural gas and coal markets through an online service that integrates news, data, analytics and research. Other business sectors covered by parent company SNL Financial include the Banking, Financial Services, Insurance, Real Estate and Media & Communications industries. For more information, visit http://www.SNL.com.
About Energy Management Institute:
Energy Management Institute provides specialized education services to major oil companies, utilities, Fortune 500 end-users and top transportation fleets throughout the world. EMI's fully-accredited education programs focus on intensive purchasing, risk management, and trading curricula from basic to advanced levels. As a division of Advanced Energy Commerce, Inc., it also provides critical business information services and thought leadership in the energy segments of oil, alternative fuels, gas and power. Additionally EMI uses its market expertise to publish a number of leading industry reports with benchmark pricing and news. For more information, visit http://www.emi.org.
Visit the SNL Press Room to learn more about resources available to members of the media.
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