Carl Edginton
Cedar City,UT
Summary
Resourceful Trader with 35 years of experience. Dedicated to raising profits through calculated risks and wide-ranging industry knowledge (electrical). WECC, WSPP contract specialist. Closes sales quickly with persuasive and accurate communication. Entrepreneurial Trader with outstanding knowledge of power trading and training in modern WECC and FERC guidelines. Experienced negotiator with success at working efficiently under pressure. Adept at decision making and accurate forecasts.
Trading professional with robust experience in financial markets, risk management, and strategic decision-making. Strong focus on team collaboration and achieving results, adaptable to changing market conditions. Skilled in data analysis, portfolio management, and leveraging market trends for optimal outcomes. Respected for reliability, efficiency, and results-driven mindset.
Overview
34
34
years of professional experience
1
1
Certification
Work History
REAL TIME POWER TRADER
City Of Redding
01.2004 - 01.2021
- Increased trading profits by implementing effective risk management strategies and optimizing trade execution
- Developed profitable trading strategies by conducting thorough market analysis and identifying trends
- Enhanced portfolio performance through diligent research, real time, power purchases arbitraging, day ahead pricing versus real time pricing
- Provided expert guidance on complex financial instruments for clients seeking alternative investment strategies
- (puts and calls)
- Achieved consistent profitability through disciplined adherence to established trading rules and WECC and FERC guidelines
- Evaluated WSPP contracts for City of Redding found inaccuracies resulting in refunds of more than $1 Million and future savings as an added bonus
- Trained real-time trading staff were on call 24/7
- Dealt with total system outage, black start
- Worked at Redding during Carr fire, dealt with rolling blackouts and total restoration
- Scheduled hydro, wind, natural gas, seasonal exchange, WECC WSPP and carbon contracts
SENIOR POWER TRADER
City Of Glendale
01.1987 - 12.2003
- Enhanced trading returns through effective risk management.
- Directed deregulation initiatives in Glendale, ensuring compliance.
- Generated significant cost savings for the city.
- Analyzed data to formulate successful trading approaches.
- Monitored and compared day-ahead with real-time market prices.
- Compared green power credits against traditional energy sources.
- Optimized day-ahead versus real-time processes.
- Implemented utility-sized storage systems.
- Cultivated robust client relationships through market insights.
- Optimized resource management strategies to increase productivity.
- Collaborated with multiple power utilities including Burbank Water and Power, Anaheim Water and Power, and Pasadena Water and Power.
- Enhanced water resource management practices.
- Enhanced operational efficiency at the California Independent System Operator.
- Oversaw diverse investment portfolio to enhance profitability while minimizing risks.
- Created comprehensive syllabus for supervisory staff.
- Contributed to staff performance evaluations.
- Collaborated with IT teams to implement advanced technology solutions, reducing manual task time.
- Analyzed hourly data to identify hedging and arbitrage.
- Conducted comprehensive market research to develop income-generating strategies.
- Created daily market recaps and profit and loss information to senior traders at close of each trading day.
- Formulated strategies to leverage emerging market trends.
- Advised on intricate financial instruments for clients exploring alternate investment strategies.
- Led management of diverse investments including equities, fixed income, commodities, and derivatives.
- Championed continuous learning initiatives within the team.
- Implemented live Excel spreadsheet to monitor real-time positions and P&L.
- Facilitated transactions for buying and selling financial instruments.
- Fostered ongoing collaboration with key stakeholders.
- Guided junior traders in effective trading methods, enhancing team efficiency.
- Boosted portfolio returns via meticulous research and stock selection.
- Maintained steady profits by strictly following trading rules and guidelines.
- Performed thorough due diligence on investment opportunities,
- Analyzed market trends to guide client investments.
- Initiated process enhancements that boosted trading operations efficiency.
- Implemented robust compliance measures to mitigate risk exposure.
- Achieved high client satisfaction via proactive communication.
- Developed comprehensive hedge strategies for targeted trades.
- Showcased market analysis expertise to secure profitable business partnerships.
- Collaborated with portfolio managers on trading strategies for better market insight.
- Enhanced trading profits through streamlined trade execution.
- Made quick decisions in response to changing market conditions, increasing profitability.
Education
General Studies
Brigham Young University
Provo, UTSome College (No Degree) - General Studies
California Technology College
Pasadena, California Skills
- WECC Day Ahead Trader
- WECC Real Time Trader
- WECC Term Trader
- Training & Management
- Pre-Scheduling
- Tagging
- Negotiation trained
- Economic forecasting
- Options trading
- Fundamental analysis
- Portfolio management
- Order management
- Trading strategies
- Technical analysis
- Financial analysis
- Margin calculations
- Data trending
- Markets and stocks
- Price negotiation
- Compliance adherence
Certification
Western Electricity Coordinating Council (WECC)
Timeline
REAL TIME POWER TRADER
City Of Redding
01.2004 - 01.2021
SENIOR POWER TRADER
City Of Glendale
01.1987 - 12.2003
General Studies
Brigham Young University
Some College (No Degree) - General Studies
California Technology College
Western Electricity Coordinating Council (WECC)
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