Twin Cities Power Holdings, LLC (“TCP”) trades financial contracts for electricity in seven North American wholesale markets. To a lesser extent we also trade financial contracts for electricity, natural gas, and oil derivatives on three exchanges.
Our activities can be generally characterized by the acquisition of power at a given location and its sale at another. Our financial transactions settle in cash in an amount equal to the difference between the purchase and sale prices.
Our revenues relating to trading activities are recorded based upon changes in the fair values of the related energy trading contracts, net of costs. Our trading activities use derivatives such as financial and physical swaps, forward sales contracts, futures contracts and options, to generate trading revenues.
The initial recognition of fair value and subsequent changes in fair value affect reported earnings in the period the change occurs. The fair values of those instruments that remain open at the balance sheet date represent unrealized gains or losses.
Our trading activities are regulated by the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission. These regulators have no jurisdiction over this note offering.
Headquartered in suburban Minneapolis, TCP and its predecessors have been trading power since 2005.
Our activities can be generally characterized by the acquisition of power at a given location and its sale at another. Our financial transactions settle in cash in an amount equal to the difference between the purchase and sale prices.
Our revenues relating to trading activities are recorded based upon changes in the fair values of the related energy trading contracts, net of costs. Our trading activities use derivatives such as financial and physical swaps, forward sales contracts, futures contracts and options, to generate trading revenues.
The initial recognition of fair value and subsequent changes in fair value affect reported earnings in the period the change occurs. The fair values of those instruments that remain open at the balance sheet date represent unrealized gains or losses.
Our trading activities are regulated by the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission. These regulators have no jurisdiction over this note offering.
Headquartered in suburban Minneapolis, TCP and its predecessors have been trading power since 2005.
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