Canada's Largest Publicly Traded Wholesale Power Generator Selects Allegro for Commodity Value Chain Risk Management Solution
Allegro Development Corporation, a leading provider of commodity value chain and risk management (CVCRM) software, announced that TransAlta Corporation selected the Allegro 8 platform to now manage its power marketing business.
Headquartered in Calgary, Alberta, TransAlta is one of Canada's largest publicly traded wholesale power generators and marketers, and the sponsor and majority owner of TransAlta Renewables. With over 100 years of operating experience, over $2 billion in annual revenue and $9 billion in assets, TransAlta has combined assets and holdings in more than 65 facilities strategically positioned in Canada, the United States and Australia.
As a growing business with operations spanning two continents, TransAlta looked to replace their collection of legacy systems with a multi-commodity trading platform for power, gas, environmental markets, coal and fuel oil. They sought a unified system with the capability to track both physical and financial assets for end-to-end business process optimization, from the point of production to the point of sale. With Allegro, TransAlta has a system that provides online immediate visibility into positions and exposure to market, price and operational risk.
'Allegro offers TransAlta the enhanced capability of monitoring their entire portfolio across commodities, regions and trading books under one platform,' said Keith Palmieri, Allegro's Practice Director - Canada.
TransAlta is one of 17 new customers using the Allegro 8 platform for:
- Integration across departments and geographies
- Improved trader productivity with elimination of manual tasks and simplified trade entry
- Real-time access in one unified platform of physical and financial positions for all commodities
Allegro is a leading provider of commodity value chain risk management (CVCRM) software for power and gas utilities, refiners, producers, traders and commodity consumers. With more than 30 years of deep industry expertise, Allegro provides real-time intelligence and decision-making capabilities, from the source of the commodity (ground), through transportation, to the commodity consumer. Allegro's software provides the global intelligence companies need to manage physical and financial positions, and to optimize their assets and portfolios using tools that quantify and mitigate risks. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney and Zurich, along with a global network of partners.