CALGARY, Jan. 8, 2013 /CNW/ - Natural Gas Exchange Inc. (NGX), a
wholly-owned subsidiary of TMX Group, today announced the establishment
of The Peter and Gail Krenkel - NGX Scholarship in Chemical Engineering
at the University of Alberta. Mr. Krenkel, who retired as President of
NGX at the end of 2012, is a 1971 Chemical Engineering graduate from
the University of Alberta.
Tom Kloet, Chief Executive Officer of TMX Group said:
"Peter led NGX from its formation in 1992 and has helped build it into a
leader in the industry over the past two decades. As a member of the
TMX Group senior executive team, he has also contributed to our success
as an enterprise overall. And, he has simply been one of the best
colleagues I have had the privilege to work with. My colleagues and I
across the company wish him and his wife Gail years of happiness in his
well-earned retirement."
David Lynch, Dean of Engineering at the University of Alberta said:
"We'd like to thank NGX for their generous contribution to the
advancement of Chemical Engineering studies at the University of
Alberta in recognition of one of our distinguished alumni, Peter
Krenkel, and his wife. Today's engineering students live in a world
where so much is possible. Their success begins with what they gain
through their engineering education, and the strength of that
engineering education is a result of the success of those alumni who
have gone before them. Peter's successful career at NGX is an
inspiration to students of today."
The Peter and Gail Krenkel - NGX Scholarship in Chemical Engineering at
the University of Alberta will, in perpetuity, award $1,000 annually
(based on rate of return of capital investment) to a student with
superior academic achievement entering the second year of a Bachelor of
Science in Chemical Engineering.
NGX provides exchange, delivery, clearing and settlement services to
over 250 energy trading customers in North America. In 2008, NGX
launched an alliance with IntercontinentalExchange Inc. (ICE) whereby
NGX uses ICE front-end trading technology. NGX currently offers
products and clearing services at over 65 natural gas, crude oil and
power locations in North America.
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and
clearinghouses for multiple asset classes including equities, fixed
income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX
Select, Alpha Group, The Canadian Depository for Securities, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, Boston Options Exchange, Shorcan, Shorcan Energy Brokers,
Equicom and other TMX Group companies provide listing markets, trading
markets, clearing facilities, depository services, data products and
other services to the global financial community. TMX Group is
headquartered in Toronto and operates offices across Canada (Montreal,
Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston
and Chicago) as well as in London, Beijing and Sydney. For more
information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE: TSX Group Inc.
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