Over the long term, the use of these advanced tools will introduce greater efficiency into the deregulated wholesale electricity market. These services are increasingly demanded by energy users confronted with enormous energy cost and reliability concerns on a daily basis. Nexant is a leading provider of energy technology and consulting services to governments, electric utilities, energy producers, oil and gas companies, and energy end-users worldwide. The company is headquartered in San Francisco with offices in Washington, D.C. and London. Former U.S. Senator J. Bennett Johnston, author of the Energy Policy Act of 1992, joined the board in March.
Additional directors are to be announced shortly.