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Nord Pool Chooses OM as Clearing Technology Partner

Feb 1, 2003 12:00 PM

Nord Pool's wholly owned subsidiary, Nordic Electricity Clearing House ASA (NECH; Oslo, Norway), reached an extensive cooperation agreement with OM (Stockholm, Sweden) for the provision and facility management of OM's SECUR clearing system. The agreement is set to run for seven years and means that OM will become the new systems provider for Nord Pool's clearing operations effective Jan. 1, 2004. Until then, Nord Pool will continue to work with Power Clearing Systems AS (PCS).

This clearing agreement enables NECH to consolidate its position as an energy exchange in the Nordic region as it enhances its position for further joint ventures in Europe.
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Hurricane Ike Coverage

On September 12th, Hurricane Ike tore through the Gulf Coast, wreaking havoc on lives and property. Transmission & Distribution World’s Rick Bush is headed to the region to provide a first-hand account of the damage including an insider view of utility emergency-response efforts. His reports and subsequent feature coverage will highlight how utilities, contractors and suppliers work as a team to restore power as quickly as possible.
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