Triple Point Technology, the provider of multi-market commodity and enterprise risk management software, provides Arizona Public Service Company (APS) with Commodity XL for Hedge Accounting™ to ensure FAS 133 compliance.
APS generates, sells and delivers electricity and energy-related products and services in the western United States and services non-residential clients ranging from commercial and industrial entities, healthcare, hospitality, educational campuses and local, State and Federal institutions.
APS uses financial derivatives to hedge price movements in power and natural gas and must comply with Financial Accounting Standard (FAS) 133 to receive beneficial hedge accounting treatment.
Commodity XL™ is enterprise risk management software that delivers multi-commodity management, business intelligence and analysis tools for proactive decision-making, real-time integration of physical and financial positions, advanced service-oriented architecture (SOA) and comprehensive enterprise risk management covering the four key areas of corporate financial exposure: operational risk, market/price risk, counterparty credit risk and corporate governance and regulatory compliance risk.
L.D.