Commodities: Power (Energy and Capacity), Natural Gas, Oil, NOx Emission Credits, SO2 Emission Allowances, RGGI Carbon Allowances, Renewable Energy Credits
Physical Power Markets: PJM, MISO, NYISO, CAISO, WSCC, SERC, ISO-NE, and ERCOT
Financial Markets: NYMEX, Chicago Board of Trade
Products: Standard Trading Hub Transactions, Physical and Financial Call and Put Options, Financial Transmission Rights and Related Congestion Management Products, Structured Tolling Transactions
IEP’s leadership managed all aspects of Allegheny Energy’s national commodity trading floor across multiple commodities and markets. In 2002, at the height of the Enron-related disruption across the industry, IEP’s COO was given the challenging assignment to turnaround a highly unprofitable trading floor while Allegheny Energy faced a period of extreme financial distress. The organization was completely retooled, establishing a culture of accountability, teamwork, and risk control compliance. Profitability was re-established within two years after earning the leadership post. From there, the organization delivered over $465 million in incremental value over and above the profits attributable to the power plants between 2002 and 2011.