TXU signs on to NECC

TXU Wholesale, a wholly owned subsidiary of Texas-based energy company TXU, has begun transacting on the physical clearing platform of North American Energy Credit and Clearing (NECC).

"The value of the clearing platform is pretty straight forward," said Jerry Burt, TXU Wholesale's director of credit risk management. "It offers an integrated seamless solution that should help companies as they strive to reduce credit risk, increase market liquidity and lower collateral requirements. We antici

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: