ACES/Energy Management

AEPCO is a Member/owner of ACES. The ACES West Regional Trading Center (WRTC):

• Is hosted by the AEPCO/AzGT Benson campus
• Benefits AEPCO/AzGT Members and customers

ACES:

• Is a nationwide energy management company
• Helps its Members and Customers:
•  Buy, sell, and manage energy more efficiently and with less risk

Quick ACES Facts & Statistics

Complete Service List

Front Office Services

• Portfolio Strategy
• Short-Term Trading and Operations
• Short-Term Load Forecasting
• Origination and Long-Term Trading
• Portfolio Dispatch and Optimization
• Delegated Electric Reliability Standard Compliance
• Power Transmission Scheduling and Tagging
• Physical Gas Trading and Scheduling
• Financial Gas Trading
• Gas Service Consulting
• Coal and Emissions Consulting
• Renewable Analysis and Transactions
• Financial Transmission Right Evaluations and Hedge Execution
• Transmission Analysis and Advice
• Long-Term Generation and Transmission Planning Studies
• Standard Portfolio Model and Risk Analytics
• Generator Operator Services
• Transmission Operator Services
• Distribution Operator Services

Middle Office Services

• Credit Analysis and Counterparty Monitoring
• Credit Exposure Monitoring and Management
• Credit Negotiations
• Credit Reports
• ISO/RTO Credit Monitoring Service
• Master Agreement Negotiations
• Emissions Allowances and Renewable Energy Credits
• Agreement Negotiations
• Contract Monitoring and Administration
• Trade Capture and Validation
• Policy Compliance Monitoring
• Forward Curve Development and Mark-to-Market Valuations
• Risk Management Policy Development
• Education and Training
• Regulatory and Market Development Participation
• Reliability Compliance Consulting
• Dodd-Frank Compliance

Back Office Services

• Bilateral Power and Transmission Settlements
• Bilateral Natural Gas and Transportation Settlements
• RTO/ISO Pool Settlements
• Energy Imbalance Validation
• Cost Allocation Settlement Model
• Electric Quarterly Report (EQR) Filing Support

Why Arizona G&T Cooperatives Chose ACES

Since its formation in February 1999, ACES has become a nationally-recognized wholesale energy trading and risk management company.

ACES:

• Was originally created by generation and transmission cooperatives
• Is a limited liability company (LLC)
• Operates under similar values as those of its Members
• Focuses on providing high-quality services at a reasonable cost
• Is able to utilize economies of scale to achieve this objective

Arizona G&T Cooperatives and ACES:

• Have a collaborative relationship built on many years of combined experience
• Work together to provide ACES’ Members with a range of energy services, including:
  • Power scheduling
  • Trading to help manage our market risk
• Partnership combines the regional expertise of Arizona G&T Cooperatives with the national presence of ACES
• Complement and generate opportunities for both entities

Market Expertise

• ACES provides services to 22 Members and nearly 50 Customers
• ACES is active in all major U.S. energy markets
• ACES manages Members’ and Customers’ portfolios of over 50 GW of peak load and generation and 3 Bcf/d peak natural gas usage
• Member & Customer Focused Model

• ACES operates in the best interests of its Members and Customers
• ACES provides all services as legal agent on behalf of each Member and Customer and separately manages each of their portfolios
• ACES does not trade its own book
• ACES does not own any generation or serve any load
• ACES is never the principal in a transaction
• ACES takes a collaborative approach to helping Members and Customers manage their portfolios
• ACES keeps costs down by sharing the expenses related to systems, tools, and staff across numerous Members and Customers
• ACES regularly tests its controls and analytics by undergoing independent annual audits
• ACES is transparent, hands-on, and encourages its Members’ and Customers’ participation in portfolio management
• ACES wants to understand as much about its Members’ and Customers’ portfolios as possible (risks, risk tolerance, characteristics of generation, reporting needs, etc.) to help them make better-informed decisions
• ACES informs and educates its Members and Customers on market observations