Alliant Energy, a midwest Fortune 1,000 power and natural gas utility traded on the New York Stock Exchange under the symbol LNT, is a public holding company serving approximately 1 million electric and over 400,000 natural gas customers in Iowa, Illinois, Minnesota and Wisconsin. Alliant Energyâs large service territory covers 9,700 miles of electric transmission lines and 8,000 miles of natural gas main.
âCorporate governance and regulatory compliance are important concerns to utilities and Commodity XL is a perfect fit because it provides full compliance support: detailed audit trails, trader and credit limits with accompanying alerts, complete risk management support, and robust documentation and reporting,â said Michael Schwartz, chief marketing officer, Triple Point. âCommodity XL is a true end-to-end solution that eliminates existing manual processes creating tighter company controls. In addition, Commodity XL has the most advanced and scalable architecture that easily integrates with many internal systems, including connectivity to the PJM and Midwest ISO markets.â
âCommodity XL was built from the ground up by energy experts specifically to address the multi-faceted business of commodity trading, risk management and scheduling and it is the only system that can meet the needs of todayâs complex and volatile markets,â said Peter F. Armstrong, president and CEO, Triple Point. âAlso, with the advent of Sarbanes-Oxley, it is imperative for organizations to have Commodity XLâs real-time, straight-through processing capability in order to drive operational excellence and full regulatory compliance throughout the business.â
Triple Point Commodity XLâ¢ is the only true next-generation solution built specifically from the ground up for high-volume, complex transaction management organizations. It meets all the requirements for trading in today's highly volatile environment: multi-commodity capabilities, real-time integration of physical and financial positions, comprehensive risk management, and scalability. Comprised of a family of commodity-specific products that can be deployed alone or in seamless combination with each other, Commodity XL manages every aspect of global cross-industry supply, trading, marketing, and logistics operations.