APX Power Markets, Inc.

Over a decade of unequaled experience.

• 1996

  October - APX, Inc. (APX) founded.

• 1998

  March - APX completes development and commenced operation of a power exchange on the inauguration of California’s deregulated wholesale electric energy market. APX implements technology and operations center to provide ISO scheduling coordinator services in the California Independent System Operator (CAISO) region.

• 2001

  July - ERCOT launches the Texas Renewable Energy Certificate (REC) Program, which APX developed and initiated for the Electric Reliability Council of Texas (ERCOT).

  August - APX expands ISO scheduling and settlement solutions for Qualified Scheduling Entity (QSE) services in the ERCOT region.

• 2002

  April - APX implements a certificate-based Generation Information System, and began operation under a five-year contract for the New England Power Pool (NEPOOL). APX operates a renewable energy, certificate-trading platform, the APX “Green Ticket” market, in cooperation with the California Energy Commission.

  June - The State of California selected APX to build and operate the California Demand Reserves Partnership (DRP) program.

  October - APX begins providing ISO scheduling and settlement solutions in the PJM region.

• 2004

  January - APX begins providing consulting services to support clients in energy market operations.

• 2005

  March - APX begins providing ISO scheduling and settlement solutions in Midwest Independent System Operator (MISO) region.

  September - PJM launches the Generation Attribute Tracking System (GATS) with APX technology, a program for creating, managing, and trading renewable energy certificates.

• 2006

  February - APX begins deployment of its next-generation APX Platform architecture for ISO scheduling, settlement and new power market solutions.

  July - California Energy Commission awards Western Renewable Energy Generation Information System (WREGIS) contract to APX for the WECC region.

  October - APX extends its environmental market infrastructure to handle energy efficiency and conservation certificates for state programs.

• 2007

  February - APX is selected to operate and administer the environmental market infrastructure for the Midwest Renewable Energy Tracking System (M-RETS), supporting Wisconsin, Illinois, Iowa, Manitoba, Minnesota, North Dakota, and South Dakota.

  June - Southern California Edison (SCE), Pacific Gas and Electric (PG&E), and San Diego Gas and Electric (SDG&E) select APX for their respective demand response Capacity Bidding Programs (CBP).

  November - The Gold Standard Foundation Selects APX to Develop and Manage The Gold Standard Registry for project-related carbon offsets.

• 2008

  April - APX, Inc. develops and operates the infrastructure for the Climate Action Reserve, the greenhouse gas offset project registry originally created by the California Climate Action Registry (CCAR).

  July - The Voluntary Carbon Standard (VCS) Association selects APX to develop and manage a state-of-the-art greenhouse gas transaction registry as well as its central VCS Project Database for carbon offset credits.

• 2009

  April - APX launches new technology, the APX MarketSuite® with flawless execution and client support in CAISO's major power market transition to a nodal structure.

  May - APX announces the new APX Environmental Management Account, the first industry offering that provides firms with a single place to manage their entire environmental portfolio - for complete asset and risk management.

  June - APX launches the North American Renewables Registry. APX registry systems now provide complete coverage for renewable energy certificate creation, management, transactions and retirement across North America.

  October - APX launches the Michigan Renewable Energy Certification System (MIRECS) to issue, track, and enable retirement of Michigan Renewable Energy Credits (RECs), Advanced Cleaner Energy Credits (ACECs), Michigan Incentive Renewable Energy Credits (IRECs) and Energy Optimization Credits (EOCs) under the state’s Clean, Renewable and Efficient Energy Act.

  December – APX establishes two new wholly-owned subsidiaries from its core operating businesses, APX Power Markets, Inc. and APX Environmental Markets, Inc.

• 2010

  January - APX launches support for Missouri’s Renewable Energy Standard (RES) in APX’s North American Renewables Registry, enabling the issuance, transfer, tracking, and retirement and custodial services for Missouri RECs.

  December – APX expands implementation of the APX MarketSuite to the ERCOT region in conjunction with the Texas nodal market changes.

• 2011

  February – APX and NYSE Euronext establish NYSE Blue℠, a new global company that will focus exclusively on environmental and sustainable energy markets.