June 2013: Bruce Power selects Lacima Analytics

13/06/2013

Bruce Power LP selects Lacima Analytics for risk management and reporting using VaR, PFE and cash flow at risk metrics.

12 June 2013 – Bruce Power LP, owner of Canada’s only private, and the world’s largest, operating nuclear generating facility, has selected Lacima Analytics, the complete application for energy risk management, valuation and optimisation, to measure and report market and credit risk across its portfolio of nuclear generation assets and financial contracts.

Bruce Power LP selected Lacima Analytics for its ability to calculate and report sophisticated cash flow and earnings based valuation and risk metrics within a completely auditable framework. Bruce Power LP will employ solutions from Lacima Analytics to obtain a comprehensive range of analytics including Value at Risk, Potential Future Exposure and cash-flow at risk across its entire portfolio to assess the impact of hedging decisions, and utilise Lacima’s industry acclaimed models for greater results reliability.

Neil Wood, Manager, Portfolio Risk at Bruce Power LP commented “Bruce Power’s trading activity has experienced tremendous growth over the past couple of years and this increases the importance of using a comprehensive suite of risk analysis tools to complement its ETRM system.  We are excited to work with Lacima which was selected based on its industry leading reputation, in-depth knowledge of issues faced by the energy industry and customer focus. Bruce Power wanted a single source of risk truth and Lacima was the vendor of choice.  We also congratulate Lacima for recently being named Technology House of the Year; it is reassuring to know that we are working with the acknowledged leader in risk analytics.”

Dr Chris Strickland, CEO of Lacima, remarked, “We are delighted to have Bruce Power on board as a customer.  We are pleased that Bruce Power will be able to benefit from using Lacima Analytics to enhance, rather than replace, their existing ETRM system to obtain a full range of portfolio analytics. This new North American win is yet another example of the global relevance of Lacima Analytics which in the past six months alone has also been successfully implemented the UK and Australia.”  

About Bruce Power

Bruce Power operates the world’s largest nuclear generating facility and is the source of roughly 25 per cent of Ontario’s electricity. The company's site in Tiverton, Ontario is home to eight CANDU reactors, each one capable of generating enough low-cost, reliable, safe and clean electricity to meet the annual needs of a city the size of Ottawa. Formed in 2001, Bruce Power is an all-Canadian partnership among TransCanada, Cameco, Borealis Infrastructure Management (a division of the Ontario Municipal Employees Retirement System) as well as the Power Workers’ Union and the Society of Energy Professionals. A majority of Bruce Power's employees are also owners in the business.

 About Lacima

Lacima is a specialist provider of software and advisory services dedicated to valuation, optimisation and risk management for global energy markets. We help you to maximise your profit potential and make more informed decisions by providing tools that yield more accurate valuations, hedging analysis and risk exposure analysis for portfolios of financial contracts and physical assets.

Recently named by Energy Risk magazine as its Technology House of the Year 2013, Lacima has also been ranked by users in the Energy Risk 2013 ETRM Software Survey as number one for risk metrics, modelling, market risk: power and market risk: gas.

Clients of our software and services include structuring, valuation and risk teams in vertically integrated energy companies, energy retailers, financial institutions and large energy consumers in Europe, North America and Australasia.

Our software solutions have been developed and implemented by peer-recognised experts in energy analytics, offering an unparalleled level of expertise and personalised support.

For further information, email info@lacimagroup.com.

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