INSSINC today announced that NRG has selected FUTRAK to support its Electricity hedging. âOur new relationship with NRG demonstrates the success of our FUTRAK software system. Energy companies now recognize that proper hedge accounting can bring them an incremental return on investment in the form of eliminating re-statements and the ability to effectively use hedge accounting to minimize unnecessary earnings volatility,â said Richard Kulaszewski. âNRG uses Zai*Net and uploads its trades into FUTRAK to process its hedges in accordance with FAS133.â
It seems another power company has selected FUTRAK because it allows them to introduce best practice and streamline internal processes, enabling visibility and transparency throughout the hedging operation. FUTRAK also empowers its users to achieve hedge accounting on multiple fronts while reducing errors in an ever more visible area.
NRG Energy, Inc. is a wholesale power generation company, primarily engaged in the ownership and operation of power generation facilities and the sale of energy, capacity and related products in the United States and internationally. The Company has a diverse portfolio of electric generation facilities in terms of geography, fuel type and dispatch levels. It seeks to maximize operating
income through the efficient procurement and management of fuel supplies and maintenance services, and the sale of energy, capacity and ancillary services into attractive spot, intermediate and long-term markets.
FUTRAK provides power generating companies with FAS133 compliance, including effectiveness testing, hedge accounting, and management of Other Comprehensive Income.