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Macquarie Cook Power announces commencement of trading |
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02 April 2007 HOUSTON, April 2, 2007 —The Macquarie Group (Macquarie) today announced the commencement of trading by Macquarie Cook Power Inc., an electricity trading and marketing company servicing the North American energy market. Based in Head of Macquarie Cook Power, Ben Preston said, "We are enthusiastic about the U.S. electricity market and the opportunities it presents. We are very encouraged by the success of Macquarie’s established energy businesses in North America and look forward to building a physical and financial capability in Mr. Preston, most recently Head of Macquarie’s Treasury and Commodities Group in Europe, will relocate from “Macquarie Cook Power is a highly complementary business to Macquarie Cook Energy. Our Macquarie Cook platform now offers clients the opportunity to derive considerable benefits that exist from the synergies of natural gas and electricity,” said Mr. O’Kane. The establishment of Macquarie Cook Power expands About Macquarie Cook Power A member of the Macquarie Group, Macquarie Cook Power specializes in providing power trading, hedging solutions and structured transactions for customers. Macquarie Cook Power sits alongside Macquarie Cook Energy's gas trading and distribution business offering knowledge and expertise in the adjacent natural gas market. The Macquarie Group is active in a broad range of financial and physical commodities markets globally, with a worldwide team of professionals who have in-depth knowledge across a range of commodity sectors. For further information, please contact:
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| Important Information
© 2007 Macquarie group |
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Any Macquarie subsidiary noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act (Cwth) 1959. That subsidiary's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of that subsidiary, unless noted otherwise.
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