The Cogentrix finance function includes the following functional areas:
Centralizing these duties from plant level employees to Cogentrix allows for efficiencies and reduced costs to be achieved across the portfolio.
Cogentrix possesses an in-house legal team, experienced and capable across the continuum of legal issues that may affect:
The legal team collaborates with personnel from development, asset management, operations, EHS, finance and human resources to provide legal support for all aspects of Cogentrix’s business. Additionally, the Cogentrix legal department advises management on regulatory matters that may have an impact on power plant siting, operations, staffing and financing. The legal team works closely with asset management in the conduct of diligence related to the evaluation of potential acquisitions and project commercial and financial restructurings.
Functions of the human resources group include:
Human resources provides support to plant General Managers in all employee matters, functioning in both non-union and union environments. Additionally, human resources is responsible for the centralized payroll function providing service to all operating service companies and their employees as well as the corporate office.
Cogentrix has developed and maintains an Enterprise Risk Management Program (the “ERMP”) to recognize, classify, and mitigate company operational and reputational risks across the compnay. To accomplish this, the ERMP includes:
All Information Technology (IT) services are provided through a single platform at Cogentrix. The IT team provides implementation and ongoing support for the multiple proprietary Cogentrix-developed software applications, including third-party systems such as PeopleSoft Enterprise Resource Planning and Hyperion Financial Management that are used to support the business. The Information Technology platform, governed by processes, policies, procedures and controls, provides for a consistent and uniform methodology for:
The Cogentrix Materials Management group provides the operating facilities with procurement support as well as plant spare parts inventory control. Common business practices ensure that risk mitigation is maximized and combined spend programs deliver the most cost effective purchasing of services and products while optimizing and controlling the cost of spare parts inventory. The Materials Management group provides for: