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Established in 1988 as the
wholly-owned power marketing and trading subsidiary
of BC Hydro,
Canada's 3rd largest electric utility.
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Headquartered in Vancouver,
British Columbia, on Canada's west coast with
a sales marketing office in Toronto, Ontario.
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A leading marketer of wholesale
energy products and services (power and gas) with approximately 150
customers in Western Canada and the United
States. Customers include utilities, power
pools, large industrials and power marketers.
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Revenues of over $1.4 billion
in fiscal 2007 (April 1, 2006 - March 31,
2007). For more detailed information please
check out our Credit
& Financials page.
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Over 150 employees in the
areas of power marketing and trading, transmission
management and scheduling, natural gas trading
and gas transmission management, contracts,
trade policy, credit and risk management,
finance, accounting and IT.
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Offers a variety of energy
products and services that can be tailored
to meet individual customer needs including
energy and capacity; 24-hour real-time service;
seasonal energy exchanges; scheduling services;
natural gas trading; green power certificates
and more.
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Trades physical and financial
products.
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Access to a portfolio of
resources in Canada and the US including BC
independent power producers (IPPs), utilities
and marketers.
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Access to the flexibility
and robust nature of the BC Hydro hydroelectric
system.
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Responsible for marketing,
on behalf of the BC government, the Canadian
Entitlement power derived from the Downstream
Benefits of the Columbia River Treaty. This
highly reliable product amounts
to 1170 MW of capacity.
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Holds all necessary trade
permits including: export permits from the
Canadian
National Energy Board; export permits from the US
Department of Energy; natural gas import
and export permits from Canadian and US regulators.
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Holds Power Marketing Authorization
from the US
Federal Energy Regulatory Commission (FERC),
enabling Powerex to buy and sell power anywhere
in the US and to deliver power directly from
BC to its US customers.
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Authorized in the West as a participant
in the California Independent System Operator (CAISO) and
Power Pool of Alberta (PPA) markets.
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Authorized in the East as a market
participant in: the Mid-America Power Pool (MAPP);
Ontario Independent Market Operator (IMO); Pennsylvania,
New Jersey, Maryland (PJM) Interconnection; and the New York Independent
System Operator (NYISO) markets.
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