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Managing Market Data & Sarbanes Oxley Compliance
for U.S. Utility Companies
A Logical Information Machines White Paper
www.lim.com
Abstract
In the face of legislative requirements like SOX (and other
predecessor
accounting requirements such as the FASB 133 rule), utility companies
must make appropriate arrangements for the collection, organization and
distribution of market data. The size of this problem in the
deregulated
electricity markets is not only large already but expanding rapidly.
While most organizations have a solution in place that has let them "hobble" along for years, the pressure to improve data management is
now
coming from the top down. Since managing market data is not among the
core capabilities of a utility company, many are looking to outside
vendors for a solution.
One company offering a comprehensive solution is Logical Information
Machines, Inc. The company uses a state of the art data warehouse in
Austin, TX to gather market data from over 200 sources. These include
all the RTO lmp and ancillary market data. LIM also gathers data from
traditional vendors like Platts as well as brokers and trading
platforms
like Ice and NYMEX Clearport. LIM has access to half a dozen different
weather data vendors as well as fundamental generation data from
Industrial Information Resources Inc and Genscape Inc.
Download Complete White Paper
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