BOULDER, Colorado, August 7 /PRNewswire/ --
Platts, a division of The McGraw-Hill Companies (NYSE: MHP), today announced it has expanded its Market Forecasting and Quantitative Analysis Group, solidifying its position as an industry leader in power, oil, coal and natural gas forecasting.
Dr. Valery Kholodnyi, a veteran from industry and academia, has been appointed to the Market Forecasting and Quantitative Analysis Group team reporting to Dr. Larry Chorn, chief economist. In his new role as natural gas economist, Dr. Kholodnyi will apply his extensive market and trading expertise to the development of natural gas and power analytic solutions.
Dr. Kholodnyi comes to Platts from Middle Tennessee State University where he was the executive director of the Center for Quantitative Risk Analysis and a professor of financial mathematics and risk management. Prior to joining MTSU, he was director of quantitative analysis for Reliant Resources, Inc. and director of research and manager of quantitative analysis for TXU Energy Trading, Inc. He is the author of five books and sixty research articles on financial mathematics and energy trading. Dr. Kholodnyi earned a Ph.D. degree in applied mathematics from the Moscow Institute of Electronics and Mathematics.
"Valery will be a key contributor in incorporating the quantitative realities of trading activities into Platts' market simulation modeling efforts," says Chorn, head of the expanded analytics team. "His depth of experience with buy-side forecasting and risk valuation in utilities is a welcome addition to Platts' long standing expertise in supply-side market fundamentals."
Platts Market Forecasting and Quantitative Analysis Group develops global forecasts of supply and demand trends in natural gas, power and coal and consults on a variety of energy commodity topics. With particular focus on the Platts Energy Advantage franchise, the industry's most comprehensive and flexible online resource for market data, the team has enabled the transition of the platform into an even more powerful interactive industry tool. Analyses include annual market forecasts as well as quarterly updates focusing on event-driven scenarios around the world.
"Valery's appointment completes a year-long process of building out our Market Forecasting and Quantitative Analysis team," says Victoria Chu Pao, president of Platts. "Decision makers have come to rely on Platts research and analytics as an independent team of energy professionals to partner with to decipher even the most challenging supply, demand, pricing and valuation trends."
The Market Forecasting and Quantitative Analysis Group is based in Boulder, Colorado.
About Platts:
Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and metals information. With nearly a century of business experience, Platts serves customers across more than 150 countries. From 14 offices worldwide, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical and metals markets. Platts' real time news, pricing, analytical services, and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com.
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were US$6.3 billion. Additional information is available at http://www.mcgraw-hill.com.
Web site: http://www.platts.com
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Kathleen Tanzy +1-212-904-2860, Kathleen_tanzy@platts.com ; Europe: Shiona Ramage +44-207-1766153, Asia: Casey Yew +65-653-06552
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