Dominion Serves Up Customized B2B Site
Dominion, which already had some trading appetizers on the table, is
taking a bigger bite of the dotcom marketplace, announcing last week that
its Dominion Energy Clearinghouse will offer a one-stop shop customized
for its wholesale customers to price and buy energy commodities.
The clearinghouse, headquartered with its parent company in Richmond,
VA, complements Dominion's B2B services and is designed for existing customers,
according to spokesman Dan Donovan. The service will focus on wholesale
customers in the Midwest, Northeast and Mid-Atlantic states, buying and
selling electricity, natural gas, fuel oil, coal and emission allowances,
and offering asset management services. Throughout the Northeast, the clearinghouse
will offer customer service support, capacity, storage and balancing services
along interstate pipelines.
For Dominion, the newest venture is but another B2B menu option. In
October, Dominion launched an Internet site (domenergypro.com) to offer
energy professionals news, information and services. The site, a service
of Dominion Energy Direct Sales Inc., offers an aggregated industry news
service for energy professionals and related fields, and it has real-time
access to Nymex-related articles and information. The newest Internet venture
is an offshoot of the news service, according to Donovan, and customers
will be able to reach the clearinghouse through the news site.
In September, Dominion teamed up with TXU Energy Trading, Coral Energy,
Koch Energy Trading Inc., Williams Energy Marketing and Trading, and voice
brokerage Cantor Fitzgerald to form TradeSpark (see NGI, Oct.
2). Dynegy Inc. and Entergy Corp. are expected to also become partners
in the TradeSpark venture. TradeSpark, a neutral exchange, offers commodity
trading also. It will not compete with Dominion's trading site, but rather
offer another avenue for new customers.
To contact the clearinghouse, visit the website at www.dom.com/operations/clearinghouse.
Carolyn Davis, Houston
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