SunGard signs USPowerGen to Kiodex

Source: SunGard

SunGard today announced that Energy Capital Partners and US Power Generating Company (USPowerGen) have selected SunGard's Kiodex for power generation asset valuation and risk management.

Kiodex provides a Web-based commodities risk management solution that integrates deal capture, valuation models, risk measurement, financial reporting, and independent market data that includes representative prices, volatilities and volatility skews across the spectrum of commodity markets.

Tyler Reeder, vice president at Energy Capital Partners, said, "SunGard Kiodex was unique in the ability to add to the specificity of the information at hand for our transaction analyses, and our commodity price risk management."

Craig Hart, vice president, corporate development and commercial strategy at USPowerGen, said, "SunGard Kiodex distinguished itself as truly understanding our business and our need for an independent, single-source of forward market data to use in assessing the position of our existing asset portfolio and analyzing future transactions."

SunGard Kiodex provides valuation and risk management for power locations worldwide, helping firms to comply with independent verification called for in the Sarbanes-Oxley Act and elsewhere.

Dr. Richard Boesch, senior vice president of financial engineering and product development for SunGard Kiodex, added, "Kiodex Risk Workbench is a versatile tool for companies analyzing power generation assets as it provides spread option model valuation suited to the variety of possible fuels, such as natural gas, coal, and renewable options, versus a wide array of power output locations. Kiodex Risk Workbench integrates these models with the requisite data and with risk reports to assess the current and worse case market risk around commitments to deliver power."

Thomas Farley, president of SunGard's Kiodex business unit, said, "SunGard Kiodex has long been used by energy companies to help in managing market risk. We are pleased to broaden our reach in providing the same services to private equity firms. Investment in power infrastructure is a growing worldwide need, and Energy Capital Partners and USPowerGen are tre the first of what we believe will be many private equity firms that we can help in valuing potential power projects, and monitoring existing assets."

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