OpenLink and MCG Agree Joint Venture Partnership
Open Link Financial (OpenLink) has entered into a joint venture agreement with MCG Energy Solutions (MCG). OpenLink says that the partnership will help allow clients to streamline their electricity business processes in one system.
OpenLink’s Endur solution, in partnership with MCG, will provide traders and risk managers with up-to-the-minute market information about energy transactions, ISO deals, NERC e-Tags, and transmission reservations. The framework is designed to help clients capture purchases and sales of electricity, fuel, and emissions credits, show risk across multiple scenarios that affect forecasting and profitability, reserve transmission, schedule and tag power, submit bids, track positions, perform settlement reconciliation, track costs, and post to sub-ledger accounts.