APM gains first owner in western US

ACES Power Marketing (APM), a wholesale energy risk management and transaction execution service company, has gained its first owner in the western US, as it continues to expand its service base in California and the west.

Arizona Electric Power Cooperative (AEPCO), a customer-owned utility, became an owner of APM on December 31, 2006, joining APM's existing ownership base of fourteen power supply co-operatives.

Such power co-ops are not for profit businesses formed to provide electricity in a defined service territory, while a generation and transmission (G&T) electric co-operative is a similar not for profit business providing wholesale electric power to the regional distributors. Formed in 1999 by four G&Ts, and

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