Dominion Chooses FUTRAK for FAS133 Hedge Accounting

9 April 2008

INSSINC, a leading global supplier of hedge accounting systems, announced that Dominion Resources, Inc., one of the nation’s largest producers and transporters of energy, has selected FUTRAK for its hedge accounting requirements.

Headquartered in Richmond, VA, Dominion operates in three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. Dominion is currently one of the nation's largest producers of energy, with an energy portfolio of about 26,500 megawatts of generation and 7,800 miles of natural gas transmission pipeline. Dominion also operates the largest underground natural gas storage system in North America, with about 950 billion cubic feet of storage capacity, serving retail energy customers in eleven states.

“Adding a company with such a significant amount of hedge accounting to our client base, is a testament to FUTRAK’s capacity to handle the FAS133 needs of even the largest players in the industry,” stated Richard W. Kulaszewski.

FUTRAK is the most advanced hedge accounting FAS 133 compliant software solution on the market. FUTRAK uploads data from ETRM systems to perform complex effectiveness testing and FAS 133 accounting.

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