NEW YORK, May 02, 2017 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (NASDAQ:INTL) today announced that the FCM Division of its subsidiary INTL FCStone Financial Inc. has arranged with Westar Energy to provide aggregation, contracting and professional management services for a 250MW wind farm development. This joint effort is designed to provide commercial and industrial entities access to a renewable energy project that will help them achieve their sustainability goals as well as address their long-term risk management of energy costs.
Shane Mathis, Senior Vice President with INTL FCStone Financial Inc.’s FCM Division, commented, “This arrangement establishes purchase power agreements that will allow for smaller increments of subscription while still taking advantage of economies of scale and active management. We’re thrilled by the prospect of integrating our risk management services into the energy procurement process at this level.”
John Bridson, Senior Vice President, Generation, at Westar Energy said, “By working with INTL FCStone, we are able to combine our areas of expertise to provide access to an appropriately vetted, competitively priced and actively managed renewable purchase power agreement to move companies closer to their sustainability goals in an economically feasible manner.”
For more information please email wind@intlfcstone.com.
About Westar Energy, Inc.
Westar Energy, Inc. (NYSE:WR) is Kansas’ largest electric utility. For more than a century, we have provided Kansans the safe, reliable electricity needed to power their businesses and homes. Every day our team of professionals takes on projects to generate and deliver electricity, protect the environment and provide excellent service to our more than 700,000 customers. Westar has 7,800 MW of electric generation capacity fueled by coal, uranium, natural gas, wind and landfill gas. We are also a leader in electric transmission in Kansas. Our innovative customer service programs include mobile-enabled customer care, a smart meter pilot project and paving the way for electric vehicle adoption. Our employees live, volunteer and work in the communities we serve.
About INTL FCStone Inc.
INTL FCStone Inc., through its subsidiaries, is a leading provider of financial-services execution, risk management, market intelligence, and post-trade services across asset classes and markets around the world.
A Fortune 500 company with a nearly 100-year track record, the company focuses on providing products and services within the commodities, securities, foreign exchange and global payments sectors. INTL customers include the producers, processors and end users of virtually every major traded commodity; commercial counter parties; and governmental, nongovernmental and charitable organizations. The company also serves institutional investors, brokers, professional traders, CTA/CPOs, proprietary trading groups, commercial banks and major investment banks. Headquartered in New York City, the company is listed on the NASDAQ under the ticker symbol “INTL”.
Further information on INTL FCStone is available at www.intlfcstone.com.