Tampa Electric Goes Live with Multiple Commodities on Allegro

Leading energy company finalizes implementation with addition of solid fuels DALLAS, March 9, 2017 – Allegro Development, a leading provider of commodity management software, announced today that Tampa Electric is now live on Allegro for solid fuels. This completes the power utility’s consolidation of multi-commodity transaction life cycle management for regulated electric and gas utility operations onto a single CTRM solution. Tampa Electric selected Allegro in Q4 of 2013 to manage natural gas, power and solid fuels in an effort to streamline business processes managed in legacy, homegrown systems and spreadsheets, with the goal of consolidating position, credit and risk management. Allegro automates the flow of data across departments and lines of business for a comprehensive, 360-degree view of a portfolio. The project was phased in by line of business, with the first phase being natural gas purchasing. Tampa Electric went live on Allegro for natural gas in November 2014 and with power in October 2015. The third and final phase of the project further extended the Allegro solution footprint to include solid fuels business operations. The solid fuel implementation went live in August 2016, with a final upgrade to achieve full capability in January 2017. “Today’s announcement completes the

Continue reading Tampa Electric Goes Live with Multiple Commodities on Allegro. This article appeared first on CTRM Center.

Source: CTRM Center

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