TransAlta Signs with INSSINC to Handle its Energy Hedge Tracking in Compliance with FAS133

TransAlta, a premier Canadian power producer, has selected FUTRAK for its Power, Natural Gas and Fuel Hedging. "FUTRAK has again proven to be the ideal system for hedge tracking and accounting in the energy market place," remarked Rich Kulaszewski. "It seems that companies are using Sarbanes/Oxley as a catalyst for seeking long delayed upgrades from spreadsheet solutions – they now look to meet faster reporting times, as well as the added confidence that the numbers they are reporting are accurate and have proper auditable controls in place to produce them."

The first Canadian electric utility affiliate licensed to trade electricity in the U.S., TransAlta is among Canada's largest non-regulated power generation and wholesale marketing companies, with close to $9 billion in coal-fired, gas-fired, hydro and renewable generation assets in Canada, the U.S., Mexico and Australia. TransAlta holds approximately 10,000 megawatts of capacity – their focus is to efficiently operate their assets in order to provide their wholesale customers with a reliable, low-cost source of power.

INSSINC has provided companies with hedge accounting and derivatives tracking software for over 20 years. Since 2001, INSSINC has provided high quality FAS 133 and IAS39 compliant software to energy companies including: Exploration and Production, electric utilities, gas utilities, cooperatives and energy end users (Railroads, Airlines, etc.). INSSINC also provides FAS133 solutions for FX, Interest Rates and commodities.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development