Washington, December 13, 2010
Nodal Exchange, the first commodities exchange dedicated to offering locational (nodal) futures contracts and related services to participants in the organized North American electric power markets, has been honored with the “2010 Platts Global Energy Award of Excellence” in the Rising Star finalists’ category.
Now in its 12th year, Platts Global Energy Awards program honors outstanding achievement in the energy industry, recognizing corporate and individual innovation, leadership, and superior performance in 17 categories. The Rising Star category honors new businesses for their accomplishments and potential.
“Since our launch in April 2009, we have created a large and growing community which supports power trading. We offer significantly greater granularity for electric power trading than any other exchange in the world” said Nodal Exchange Chief Executive Officer Paul Cusenza. “We are sincerely honored to be recognized by Platts for our innovation and growth.”
“We congratulate the Award of Excellence winners in the Rising Star finalists’ category for their outstanding accomplishments and helping to grow the industry, along with creating new energy jobs in a tough global economy,” said Larry Neal, president of Platts, a leading global energy and metals information provider and host of the awards program. “We’re proud of the innovation they’ve brought to their industry.”
The 2010 finalists, selected from over 200 nominations, were announced in September, and the winners were announced December 2nd at the 12th annual Platts Global Energy Awards in New York City, widely recognized as the “Oscars” of the energy industry.
About Nodal Exchange, LLC
Nodal Exchange is the first independent electronic commodities exchange dedicated to offering locational (nodal) forward trading products and services to participants in the organized North American electric power markets. Nodal Exchange builds on the success of the existing Regional Transmission Organization/Independent System Operator (RTO/ISO) day-ahead markets through the development of cash-settled forward nodal/zonal auctions that enables Nodal Exchange participants to effectively manage basis and credit risk. The Nodal Exchange platform also accepts for clearing bilateral over-the-counter (OTC) transactions submitted by participants and brokers. Nodal Exchange is an independent, privately held company. For more information, visit nodalexchange.com.
Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and metals information. With a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical, shipping, and metals markets from 17 offices worldwide. Platts’ real-time news, pricing, analytical services and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better business decisions. Additional information is available at http://www.platts.com.