Utility Uses @RISK, Evolver to Manage Risks of High Stakes Contracts – Palisade
Utility Uses @RISK, Evolver to Manage Risks of High Stakes Contracts – Palisade
3 PagesCustomers & Industries: Northern Indiana Public Service Company Industry: Utilities Product(s): @RISK, Evolver Application: Pricing, Production Allocation for Regulation Compliance Summary NIPSCO uses @RISK, Evolver, and RISKOptimizer to optimize its use of generating assets in order to meet increasingly strict clean air standards. @RISK Evolver Many corporations contract directly with utilities for the electricity they use. At NIPSCO (Northern Indiana Public Service Company, a subsidiary of NiSource, a FORTUNE 500 company), a diversified utility in northern Indiana, it is not unusual for millions of dollars to be hanging on a single contract. Mark Rudd, principal/regulatory compliance at NIPSCO, is heavily involved in these agreements. The goal is to arrive at rates that are acceptable to
