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San Diego Community Power approves Power Settlements contract for trading and risk management
Summary
The board approved a not‑to‑exceed $4.12 million contract with Power Settlements for an in‑house energy trading and risk management system intended to replace third‑party systems and centralize contract, trade and settlement data.
The San Diego Community Power Board of Directors voted March 27 to authorize a contract with Power Settlements Consulting and Software LLC for an energy trading and risk management (ETRM) system, with a not‑to‑exceed amount of $4,115,956.
Kenny Key, director of power contracts, told the board the ETRM system is the back‑end database for power contracts, load obligations and compliance work. “This is the database where all the hard work of our…
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