For Immediate Release
HOUSTON—Aug. 17, 2004—UtiliPoint International, Inc. (UtiliPoint) announces its affiliation with Cal Payne, former chief risk officer of Aquila Inc. and president of Cadwallader & Associates LLC, to add additional capabilities to its trading and risk management consulting services. Cal is a recognized leader in best practice risk management processes and is an accomplished management professional with expertise in all areas of treasury, finance, strategic planning and finance/administration with a specialization in enterprise risk management, including market, credit and insurable risk, as well as internal audit, policy formation, governance, control infrastructure and risk control design.
“Cal is a tremendous addition to UtiliPoint's existing team of industry professionals that will allow UtiliPoint to address the emerging risk management needs of corporations," says Dr. Gary M. Vasey, vice president of UtiliPoint's Trading and Risk Management practice. “The addition of Cal and his consulting vehicle, Cadwallader & Associates LLC, is furthering UtiliPoint's goal of becoming a world leader in energy risk management and trading processes and supporting software platforms. Coming on the back of our recent announcement of a partnership with Peter Fusaro and Global Change Associates, UtiliPoint is building an impressive capability around all aspects of trading and risk management for our clients.”
As senior vice president and chief risk officer for Aquila Inc., Cal reported directly to the CEO and chairman of the board. At Aquila his responsibilities included market risk, credit risk, insurable risk, internal audit and middle office functionality, as well as the enterprise risk management program. He served as chairman of the risk management committee, member of the interest rate/foreign currency committee, a board member of Aquila Re, and member of the credit committee for Aquila Energy Capital Corporation. He has worked with and reported to the audit committee and board of directors of Aquila, Inc. as well as Aquila's international boards on matters regarding risk and controls of their respective entities.
Prior positions include vice president of risk management at Transco Energy Marketing Company, vice president and treasurer of Transco Energy Company and various management positions in treasury/finance for the Superior Oil Company. Cal Payne is based out of Kansas City, Kan., and can be contacted at 913.825.6353 or at cpayne@utilipoint.com.
Parties interested in learning more about UtiliPoint's Trading and Risk Management practice should contact Dr. Gary Vasey at 281.681.8020 or at gvasey@utilipoint.com. About UtiliPoint International, Inc. With origins dating to 1933, UtiliPoint International, Inc. is a leader in providing research-based consulting to the utility industry. UtiliPoint analysts have provided strategic business plans and studies on information technology and its impact on utility operations. Direct experiences include work in trading/risk management, outsourcing, CIS, billing, CRM, metering, AMR, demand response, work/outage management, supply chain, ERP, call centers, rates/pricing products, and customer survey/research work. The firm is also the publisher of IssueAlert™, an analysis of the utility and energy industry's hot topics sent to more than 34,000 utility and energy executives daily.
Contact Information:
Gary M. Vasey, Ph.D.
Vice President, Trading & Risk Management
UtiliPoint International, Inc.
281.681.8020 