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Financial Services Corporation

Texas, Illinois

“We rely on Priority Power Management to procure competitive electricity for our ever-expanding footprint.”
Director, Facilities Management
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Situation Analysis:

  • With $125 billion in assets, and ranked 16th nationally in total deposits, the firm is one of the nation’s largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage, and insurance products and services.
  • The firm serves customers in 15 states across the South, Midwest, and Texas, and operates some 1400 branch locations.
  • In an effort to focus on core business processes, the firm outsourced energy supply management to Priority Power Management.

Results:

  • Since 2004, Priority Power Management has acted as an extension of the firm’s staff, providing competitive retail electricity supply procurement and risk management in Texas and Illinois.
  • Power Management’s program has resulted in:
    • Millions of savings in electricity expenses
    • The reduction of price risk and establishing budget certainty.
  • Established a trusted energy management partnership which provides peace of mind and allows the firm to reallocate resources to core business operations.

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