SOURCE: Ansergy, Inc.

Ansergy, Inc.

September 12, 2011 06:15 ET

Ansergy, Inc. Releases Nation's First Operational EPS Forecast for Electric Utilities

SEATTLE, WA--(Marketwire - Sep 12, 2011) - The electric utility black box of operational earnings is about to have a very bright light shine within itself.

Mike Griswold, CEO of Ansergy, Inc., formed Ansergy to shed light on what is happening daily inside these utilities. "Investors in electric utility stocks, both merchant generators and investor-owned utilities, have long suffered from a dearth of timely operational data. Given that electricity is the world's most volatile commodity, it doesn't make sense that investors can't see in real time how utilities are performing in these volatile markets," says Griswold.

Upstream oil and gas production companies are required to publish their derivative positions quarterly, but electric utilities, although operating with an even more volatile commodity, do not. This leaves investors holding the volatility bag. Ansergy addresses this shortcoming by publishing operational results for every IOU and Genco in the U.S.

Ansergy models every power plant owned in the sector and dispatches these plants into their appropriate hourly power and gas wholesale markets. The firm employs sophisticated production cost dispatch software to solve for energy generated, fuel burned, fuel costs, energy revenues and free cash flows.

Load forecasts for IOUs are computed hourly and dispatched into the same wholesale markets. Load and generation are then netted, returning the utility's free cash flow. These forecasts are run every day against actual market prices, using actual market conditions.

"Ansergy clients will typically know better how a utility is performing within the quarter than the utility's own executives," says Griswold. "This 'insider' perspective on actual operations gives our investor clients a heads-up on the market, and consequently dramatically increases their returns on investments." For more information, visit the company's website at www.ansergy.com.

Michael Griswold has been a wholesale energy trader and was the founder of PowerLytix, the nation's leading wholesale price-forecasting service. Griswold operates from offices in Bellevue, Washington.

Contact Information

  • Contact:
    Mike Griswold
    155 108th Avenue, Ste 703
    Bellevue, WA 98004
    (206) 877-0991
    Email Contact