Wayne

Entergy Corp. CEO J. Wayne Leonard said last week that several companies have expressed an interest in buying Entergy-Koch LP, its joint trading venture with Koch Industries, and negotiations remain ongoing with a “highly credible, very sophisticated buyer.”

Entergy Corp. CEO J. Wayne Leonard said that he had expected to announce the sale of Entergy-Koch LP, its joint trading venture with Koch Industries, on Monday, but negotiations are “considerably more complex than selling a power plant.” However, several companies have expressed an interest in the unit, and negotiations remain ongoing with a “highly credible, very sophisticated buyer.”

Wayne, PA-based Planalytics Inc. announced Tuesday that Bayer Corp. has signed an agreement to access Planalytics® GasBuyer(SM), a web-delivered risk management tool for purchasing and hedging natural gas. “The GasBuyer tool will help us manage our natural gas price risk and reduce our gas costs by providing a perspective on where the market is heading over the next year,” said Rick Piotrowski, senior procurement manager, energy for Bayer. “With this perspective on the direction of future gas prices, the GasBuyer is able to sort through the market’s volatility and identify when it is a good time for us to buy gas.” The Planalytics risk management tool uses proprietary long-range climate forecasts and inventory change projections, weekly storage data, real-time Nymex futures contract pricing and advanced neural network technologies to evaluate gas prices for each of the next 12 months. Calculating what it knows about future weather and how it will ultimately impact the market, Planalytics said its GasBuyer determines if gas is currently “undervalued” or “overvalued” and then provides clients with daily buying, selling, and hedging actions that reduce risk and take advantage of opportunities presented by fluctuating prices. Because the tool gives a year-ahead view of the market, the company said clients can address their gas needs gradually, proactively and cost-effectively, while minimizing the negative effects of shorter-term price volatility.

Wayne, PA-based Planalytics Inc. said last week that Missouri’s Public Service Commission (MPSC) and Office of the Public Counsel have entered into agreements to access the Planalytics Gas Buyer(SM), a financial risk management tool for purchasing and hedging natural gas. The company said the on-line tool provides buying, selling or hedging actions designed to reduce risk and take advantage of opportunities presented by weather-driven effects on gas prices for up to one year into the future.

Wayne, PA-based Planalytics Inc. said Tuesday that Missouri’s Public Service Commission (MPSC) and Office of the Public Counsel have entered into agreements to access the Planalytics Gas Buyer(SM), a financial risk management tool for purchasing and hedging natural gas. The company said the on-line tool provides buying, selling or hedging actions designed to reduce risk and take advantage of opportunities presented by weather-driven effects on gas prices for up to one year into the future.

Cinergy Corp. is reorganizing its power and gas tradingoperations in the wake of former President J. Wayne Leonard’sdeparture to Entergy Corp. Cinergy has named Madeleine W. Ludlow,currently vice president and chief financial officer, to be the newpresident of Cinergy Capital and Trading and announced Michael J.Cyrus, an executive with Electric Clearinghouse, will becomeexecutive vice president, overseeing power trading operations.