American Electric Power Charges Up Its Risk Management with SAS.Business Editors/High Tech Writers ORLANDO, Fla.--(BUSINESS WIRE)--April 15, 2002 Answering the 'what if' questions of energy trading with SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. (R)Risk Management American Electric Power American Electric Power (NYSE: AEP) is a major investor-owner electric utility in various parts of the United States. It is headquartered in Columbus, Ohio. It serves parts of 11 states, and is currently the largest electricity generating utility in the United States. (NYSE NYSE See: New York Stock Exchange : AEP AEP - Application Environment Profile ), America's largest generator of electricity, has selected SAS, the leader in business intelligence, to provide a risk management solution for the company's energy trading operations. Deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of wholesale power markets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. has given rise to greater risk across the board. Cash-flow stability is important for company management and for shareholder confidence. A risk management solution is key to support a platform for growth while also managing and mitigating risk exposure. "AEP needed a system that was extensible enough to pull together data from all sources across our company; powerful enough to enable us to measure, model and predict our exposure; and flexible enough for us to easily share risk knowledge throughout the company. SAS Risk Management met these needs," said Stephan T. Haynes, vice president of Market Risk Oversight at AEP. For companies in the energy industry, as well as those in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and other sectors, risk data comes from multiple trading systems and market price source databases, as well as financial and accounting systems. "With SAS Risk Management, energy companies can choose the best approach to measuring, analyzing and reporting on risk, regardless of the source of the data," said Sam Harris Sam Harris may refer to:
About SAS(R) Risk Management SAS Risk Management (www.sas.com/solutions/riskmgmt) is a comprehensive, packaged software See software package. solution designed to re-engineer and accelerate the risk management process. It leverages SAS' industry-leading analytical and data warehousing See data warehouse. data warehousing - data warehouse technology to help firms compute and communicate different market and credit risk measures. SAS Risk Management gives energy and financial firms the ability to: -- Access and consolidate position and market data from virtually any format, system or location. -- Analyze and explore that data to compute risk measures. -- Communicate these risk measures effectively to business users and decision makers. About American Electric Power American Electric Power is a multinational energy company with a balanced portfolio of energy assets. AEP, the United States' largest electricity generator, owns and operates more than 42,000 megawatts of generating capacity in the U.S. and select international markets. AEP is a leading wholesale energy marketer, ranking among North America's top providers of wholesale power and natural gas with a growing wholesale presence in European markets. In addition to electricity generation, AEP owns and operates natural gas pipeline systems, natural gas storage, coal mines, and the fourth-largest inland barge company in the United States. AEP is also one of the largest electric utilities in the United States, with almost 5 million customers linked to AEP's wires. The company is based in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. . The announcement of providing American Electric Power with a risk management solution came at the SAS Users Group International (SUGI) 27th annual conference in Orlando, Fla., attended by more than 3,500 SAS customers from around the world. About SAS SAS is the market leader in providing a new generation of business intelligence software and services that create true enterprise intelligence. SAS solutions are used at more than 38,000 sites - including 99 of the top 100 businesses on the Fortune 500 - to develop more profitable relationships with customers and suppliers; to enable better, more accurate and informed decisions; and to drive organizations forward. SAS is the only vendor that completely integrates leading data warehousing, analytics and traditional BI applications to create intelligence from massive amounts of data. For 25 years, SAS has been giving customers around the world The Power to Know(TM). Visit us at www.sas.com. SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries.(R) indicates USA registration. Copyright(c)2002 SAS Institute Inc. Cary, NC, USA. Other brand and product names are trademarks of their respective companies. |
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