Join eCapital Advisors and our partner client Basin Electric (https://www.basinelectric.com) at the IBM World of Watson conference to learn how Basin is partnering with IBM and eCapital Advisors to save time and costs using IBM Cognos TM1.
Session ID: ALB-1948 (link)
Date and Time: 25-Oct-2016 | 02:00 PM – 02:45 PM | Breakers F
Spend Time Analyzing Versus Maintaining: Basin Electric’s Success Story Migrating to IBM Cognos TM1
Learn how Basin Electric Power Cooperative, ranked 2015’s number one energy cooperative in the nation, teamed up with eCapital Advisors to migrate its legacy IBM Cognos Planning environment into IBM Cognos TM1 to save 20% in administration time and costs. This presentation includes a crash course on IBM Cognos TM1 and all of its components, and how they correlate with a Cognos Planning or Microsoft Excel environment. Also, you’ll learn how to structure a migration project from start to finish that will guide your success in migrating financial or operational models from Cognos Planning or other legacy systems. See how to take your financial models to the next level of operational excellence with Cognos TM1.
Basin Electric’s core business is generating and transmitting wholesale bulk electric power to customers, primarily to our member rural electric systems, which are located in nine states: Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, and Wyoming. Our largest subsidiary, the for-profit Dakota Gasification Company, owns and operates the Great Plains Synfuels Plant near Beulah, ND, which gasifies lignite coal and captures some of the carbon dioxide emissions (CO2) and sends them to depleted Canadian oil fields for geologic sequestration.
Basin Electric will own 4,217 megawatts (MW) and operate 5,205 MW of electric generating capacity by end of year 2016 of which 987 MW is for participants of the Missouri Basin Power Project (MBPP), and 80 MW is jointly owned by Basin Electric and its Class A member, Corn Belt Power Cooperative, Humboldt, IA. Basin Electric owns generation in North Dakota, South Dakota, Wyoming, Montana, and Iowa, and additionally purchases power from facilities in Minnesota, Colorado and Nebraska. Most of Basin Electric’s baseload capacity comes from coal. Peaking facilities are oil or gas-based.
Basin Electric’s total winter season generation capacity portfolio by end of year 2016 will be 6,555 MW. Of that, Basin Electric has purchased a total of 2,338 MW of electric generation capacity/energy, including 1,577 total MW of renewable energy of which 1,533 MW are wind energy, and 44 MW are waste heat energy (known as recovered energy generation – REG). Our purchased power portfolio also includes 62 MW of nuclear energy.