Thomas J. Langan dba WTL Trading
Experience
Designed & developed the GNP service for portfolio managers, the F3P for fuel retailers and their customers, and Rent-a-Risk-Manager for many businesses and their customers - 20 years experience in physical and financial energy commodity risk management & trading.
- Author of natural gas and electricity risk management policies for several municipal utilities.
- Helped implement risk management policies, applying effective and economical hedging strategies.
- Natural gas risk manager for California Dept. of Water Resources; trained staff in the use of futures and options to control risk in the power portfolio.
- Analyzed energy portfolios of several clients, assessing risks and ensuring the risk position remained within risk limits.
- Provided hedging and trading training to risk management teams and individual traders
Employment History
1999 to Present Cypress, CA
Owner, WTL Trading
Provide consulting services in energy portfolio risk assessment, risk management, optimization, and reporting. Services also include assisting with portfolio objectives and strategies, identification of risk tolerances, and development and implementation of risk management policies and hedging strategies. Authored six risk management policies for municipal utilities to date. A partial client and reference list is shown here.
Licensed and insured, with numerous industry references among California utilities and consulting firms.
1997–1999 Sacramento, CA
Sr. Manager, Henwood Energy Services Established a consulting business line to develop and implement strategic plans and risk management policies for clients ranging from municipal utilities to independent power producers. Other responsibilities included managing the energy futures and options trading activities of the company while providing consulting services in energy trading and portfolio optimization to clients region-wide.
1988–1997 Long Beach, CA
Energy Risk Manager, Valero (Ultramar)
Responsible for West Coast derivative trading and risk management activities. Active in inventory hedging, margin management, and speculative trading using physical and financial instruments, including futures and options. Managed the company’s refined product inventory and future production price risk.
Responsible for marketing and inventory management of company’s jet fuel production. Developed and implemented price hedging strategies using futures market and OTC trading instruments.
Education
Massachusetts Institute of Technology Cambridge, MA
1981-1983 MBA – Concentration in Corporate Strategy & Finance
1976-1978 Masters of Science – Ocean Engineering & Civil Engineering
University of Massachusetts Amherst, MA
1971-1975 Bachelor of Science – Civil Engineering
Interests
Supporting active duty Marines, retired veterans, and other service members through the Patriots Ministry; mountain hiking and biking.