The Energy Authority has earned the 14th ranking on the InformationWeek 500, a listing of leading business technology innovators in the United States.
(SAN FRANCISCO- Septemper 19, 2013) The Energy Authority has earned the 14th ranking on the InformationWeek 500, a listing of leading business technology innovators in the United States. TEA is one of only two companies in the energy and utilities industry to achieve a ranking in the top 50.
TEA was recognized for its Hydroelectric Optimizer System (The Optimizer). This award-winning hydroelectric management software tool allows public power utilities drawing hydroelectric power from the Columbia River Federal Hydro System to maximize the value of their Slice contracts while adhering to the parameters set by BPA. The Optimizer's superior accuracy and functionality drastically improve reliability and value, giving vital support to utilities looking to provide their rate-payers with stable, reliable, renewably-sourced power-- all at the lowest cost possible.
InformationWeek identifies and honors the nation's most innovative users of information technology with its annual InformationWeek 500 listing, and also tracks the technology, strategies, investments, and administrative practices of some of the best‐known organizations in the country. Past overall winners include Beth Israel Deaconess Medical Center, PACCAR Inc., The Vanguard Group, CME Group, National Semiconductor, Con‐Way, and Principal Financial Group. Unique among corporate rankings, the InformationWeek 500 spotlights the power of innovation in information technology.
"We are very pleased to be ranked so highly- not just among our peers in the energy sector, but among a cross section of businesses at the forefront of technology in their respective industries across the country. This recognition illustrates the advantage that TEA brings to public power utilities. Our standard of excellence, the superior expertise of our staff and their drive to deliver exceptional service inspired the efforts to launch this project that continues to deliver economic value for our clients," said Tom Harvey, TEA's Vice President of IT & CIO.
"The theme of this year's InformationWeek 500 is digital business. It's a movement, rooted in data analytics, mobile computing, social networking and other customer‐focused technologies that are turning companies and industries on their ear," said InformationWeek Editor In Chief Rob Preston. "Every enterprise is now a digital business - or needs to become one fast. The companies in our ranking are leading the way."
TEA is the strategic partner of choice for public power. Through the customized application of bilateral power trading, portfolio management, power supply management, RTO trading, and natural gas trading services, TEA is currently collaborating with over 44 public power utilities nationwide to help them optimize the value of their generation and load portfolio in wholesale energy markets in a manner that is consistent with each utility's unique risk tolerances. Established in 1997, TEA is headquartered in Jacksonville, Florida, with offices in Seattle (Bellevue), Washington, and Portland, Oregon.
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RTO Market Management
Natural Gas Management
Bilateral Energy Trading
Power Supply Management
Chief Client Officer