Scrutiny is nothing new to the energy industry. For much of the past century, federal and state regulatory bodies have governed the purchase and sale of energy commodities. And since 2002, publicly-held companies have also been required to comply with Sarbanes-Oxley or SOX. At its core, SOX is a trust-building initiative requiring new levels of transparency in how public businesses operate, document what they do and
report financial conditions.
Read our “Sarbanes-Oxley Sets New Standard for Controls” White Paper to learn how the World Energy Exchange enables those responsible for energy procurement to not only meet their basic business function of achieving the lowest price for energy supply but also to support stringent SOX compliance. This White Paper reviews the key points of the Sarbanes-Oxley Act and how World Energy incorporates transparency and documentation into each step of our auction process. |
