Patents Assigned to DC Energy LLC
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Patent number: 7991686Abstract: Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one computer. The at least one computer may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one computer may also be programmed to match a batch of bids, where the matched bids may be modified to reduce the trade risk of a portfolio of the first participant, or to liquidate a defaulted portfolio subject to a Maximum Portfolio Liquidation Cost Constraint. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, a location specific service contract (e.g., a passenger contract and/or freight contract), a financial derivative contract, or a credit default contract on any of an entity's issued securities.Type: GrantFiled: June 5, 2009Date of Patent: August 2, 2011Assignee: DC Energy LLCInventors: Andrew J. Stevens, Matthew R. Tate, Mark A. Bulkeley, Dean L. Wilde, II, Paul S. Gibbs, Stefan Jacob
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Patent number: 7885888Abstract: Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one processor. The at least one processor may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one processor may also be programmed to match a batch of bids to create a plurality of awarded bids. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, location specific service contracts (e.g., passenger contract and/or freight contracts).Type: GrantFiled: January 22, 2010Date of Patent: February 8, 2011Assignee: DC Energy LLCInventors: Andrew J. Stevens, Matthew R. Tate, Mark A. Bulkeley, Dean L. Wilde, II
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Patent number: 7873564Abstract: Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one processor. The at least one processor may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one processor may also be programmed to match a batch of bids, where the bids may be linear combinations, to create a plurality of awarded bids that may maximize an economic surplus or maximize a volume of awarded bids. Degenerate price solutions may be solved by minimizing variations from historic pricing levels for a contract. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, a location specific service contract (e.g.Type: GrantFiled: March 3, 2009Date of Patent: January 18, 2011Assignee: DC Energy LLCInventors: Andrew J. Stevens, Matthew R. Tate, Mark A. Bulkeley, Dean L. Wilde, II, Paul S. Gibbs, Stefan Jacob, Ann Sacra
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Publication number: 20100121760Abstract: Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one processor. The at least one processor may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one processor may also be programmed to match a batch of bids to create a plurality of awarded bids. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, location specific service contracts (e.g., passenger contract and/or freight contracts).Type: ApplicationFiled: January 22, 2010Publication date: May 13, 2010Applicant: DC Energy LLCInventors: Andrew J. Stevens, Matthew R. Tate, Mark A. Bulkeley, Dean L. Wilde, II
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Patent number: 7676424Abstract: Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one processor. The at least one processor may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one processor may also be programmed to match a batch of bids to create a plurality of awarded bids. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, location specific service contracts (e.g., passenger contract and/or freight contracts).Type: GrantFiled: November 20, 2007Date of Patent: March 9, 2010Assignee: DC Energy LLCInventors: Andrew J. Stevens, Mark A. Bulkeley, Matthew R. Tate, Dean L. Wilde, II