Among the nation’s first and most successful energy trading organizations, PSEG Energy Resources & Trade LLC operates a leading wholesale energy business in the Eastern United States. As the trading arm of PSEG Power, PSEG Energy Resources & Trade markets the output of PSEG Power’s generation assets, acquires and hedges fuel and power, economically dispatches plants, and trades numerous energy-related products. With one of the largest trading platforms in the US at its Newark, New Jersey headquarters, PSEG needed a communications solution that would enable fast, secure and reliable trade execution. As they neared end-of-life with their existing solution, PSEG issued an RFP for a state-of-the-art turret system that offered superior flexibility, efficiency, and cost effectiveness. The solution also needed to support installation at two remote disaster recovery sites. PSEG selected Unify’s OpenScape Xpert, a virtualized smart trading solution that combines voice, data, security, risk reduction, and seamless communication with a robust, multi-functional turret for a software-driven solution that helps lower their total cost of ownership. OpenScape Xpert enhances trader performance with the latest technology that brings multi-line voice, instant messaging, video and more to the fingertips of today’s traders, while delivering on the need for speed. “It is critical that our trading floor operate as efficiently and reliably as possible,” said Daun Forester, managing director-trading, marketing and origination at PSEG.
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