DALLAS--(BUSINESS WIRE)--PowerAdvocate was recognized recently as a Gold Star supplier by Energy Future Holdings (EFH) at its 22nd annual Supplier Diversity Gold Star Recognition Reception.
PowerAdvocate was credited for the value it has created in its relationship with EFH, as well as its committed practice to hiring veterans in its workforce. PowerAdvocate has done business with Luminant, one of EFH’s holdings, since 2010. The two companies have worked together across a range of operational initiatives, and recently entered into a 3-year partnership that will use PowerAdvocate’s technology platform to help enable enterprise improvement and efficiency. Throughout their relationship, EFH has used PowerAdvocate’s solutions to better understand complex supply markets, manage down costs, and mitigate risks along the value chain.
PowerAdvocate received the Gold Star because of its strong performance, and its commitment to veterans, who comprise a large proportion of the company’s workforce, a third of the company’s executive leadership, and are actively recruited by the company. “We are thrilled to be recognized by EFH with the Gold Star for our support of veterans and for our ongoing commitment to delivering superior products and services to our customers,” said Mark McVay, Senior Vice President of Sales and a 1986 graduate of the Naval Academy.
The Gold Star Supplier Award recognizes minority-, women-, and veteran-owned businesses that utilize a diverse workforce, practice inclusion in their own supplier base, provide outstanding service to EFH, and contribute to their communities through volunteer and philanthropic commitments. A national leader in supplier diversity, EFH has spent $4.6 billion since 1990 on goods and services provided by minority-, women-, and veteran-owned businesses. In addition to the Gold Star Supplier Awards, recognition is also awarded to employees who have made significant contributions to progress in supplier diversity, and major suppliers to EFH who have practiced inclusion in their sub-contracting opportunities.
“Supplier diversity helps us win on two tracks: economic development of communities where we work and live, and enhancement of our competitive advantage,” said Cheryl Stevens, EFH Vice President of Supplier Diversity. “Our annual Gold Star event is a perfect occasion to toast our stars, celebrate our progress and renew our individual and collective commitment to supplier diversity.”
PowerAdvocate has a long-standing tradition of honoring veterans’ commitment to our country in its hiring practices, its community support initiatives, its corporate volunteerism, and its philanthropic activities. The firm actively supports a number of charities that provide support to veterans in need and actively recruits veterans as part of its hiring process.
In an environment in which companies are increasingly focused on cost structure and the efficient use of capital, PowerAdvocate delivers data-driven technology solutions that provide insight into real-time supply market conditions and enable customers to make better and more informed operational decisions. We deliver intelligence from our $1 Trillion Energy FactBase through our SaaS Energy Intelligence Platform®, giving the energy professional ready access to actionable and digestible information. In addition to our Energy Intelligence Platform, our client services team of technical and seasoned professionals plays an integral role in capital projects and O&M at a number of Fortune 500 energy companies. PowerAdvocate's technical expertise creates a culture that is rooted in delivering significant, measurable results for your organization.
About Energy Future Holdings
EFH is a Dallas-based holding company engaged in competitive and regulated energy market activities, primarily in Texas. Its portfolio of competitive businesses consists primarily of Luminant, which is engaged largely in power generation and related mining activities, wholesale power marketing, and energy trading, and TXU Energy, a retail electricity provider with more than 1.7 million customers in Texas. Luminant has approximately 15,400 MW of generation in Texas, including 2,300 MW fueled by nuclear power and 8,000 MW fueled by coal. Luminant is also one of the largest purchasers of wind-generated electricity in Texas and the United States. EFH’s regulated operations consist of Oncor, which operates the largest electricity distribution and transmission system in Texas with more than 3.2 million delivery points and 119,000 miles of distribution and transmission lines. While EFH indirectly owns approximately 80 percent of Oncor, the management of Oncor reports to a separate board with a majority of directors that are independent from EFH.