Since Texas deregulated its electricity markets in January 2002, a majority of commericial and industrial customers have switched power providers at least once. Never has the power of choice been more apparent than in the Lone Star state, and businesses have certainly benefited from a more competitive energy market. Energy procurement is more than just about price, however. Increasingly the role of the CFO has expanded to include risk management, and a sound energy procurement strategy plays a significant part in mitigating a company’s risk.