This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Accenture Helps Southwest Power Pool With Successful Launch Of Integrated Marketplace

Stocks in this article: ACN

Accenture (NYSE:ACN) and Southwest Power Pool (SPP), a regional transmission organization (RTO), today announced the successful launch of SPP’s integrated marketplace in which market participants buy and sell wholesale energy and reserves in both a day-ahead and real-time market through the operation of a single, consolidated SPP balancing authority.

Through the integrated marketplace, SPP is now able to coordinate next-day generation across the region and provide participants with greater access to reserve energy. The marketplace helps SPP improve regional balancing of electricity supply and demand and to integrate renewable resources. The day-ahead market also provides participants with a mechanism to hedge against transmission congestion charges through the allocation and settlement of transmission congestion rights.

“This was a complex project with many moving parts and involving hundreds of stakeholders. Accenture was an instrumental part of SPP being able to complete this challenging effort on schedule,” said Bruce Rew, SPP Vice President of Operations and executive sponsor of the Integrated Marketplace Program.

Accenture was selected in 2011 to provide services in program and project management, systems integration, technical architecture, regulatory services and readiness and deployment management.

“This is an important milestone for SPP and we are pleased to have helped deliver this project on time, and on budget,” said Greg Smith, a managing director in Accenture’s North America Utilities industry group. “These market implementations are extremely complex, and we are proud to have teamed with SPP, their vendors, and SPP’s market participants for a successful launch.”

With the launch of the integrated marketplace on March 1, 2014, SPP now has the ability to determine which generating units should run the next day for maximum cost-effectiveness. Based on previous cost benefit analysis, SPP’s integrated marketplace is expected to realize up to $100M in annual net benefits across the SPP footprint.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with approximately 281,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page is www.accenture.com.

About Southwest Power Pool

SPP is a Regional Transmission Organization, mandated by the Federal Energy Regulatory Commission to ensure reliable supplies of power, adequate transmission infrastructure, and competitive wholesale prices of electricity. As a North American Electric Reliability Corporation Regional Entity, SPP oversees compliance enforcement and reliability standards development. SPP has members in nine states. Its home page is www.spp.org.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs