TXU Wholesale, a wholly owned subsidiary of Texas-based energy company TXU, has begun transacting on the physical clearing platform of North American Energy Credit and Clearing (NECC).

"The value of the clearing platform is pretty straight forward," said Jerry Burt, TXU Wholesale's director of credit risk management. "It offers an integrated seamless solution that should help companies as they strive to reduce credit risk, increase market liquidity and lower collateral requirements. We anticipate