Red Wolf Energy Trading
Red Wolf Energy Trading is a privately held energy trading firm headquartered in Raleigh, North Carolina with working offices in five states.
Incorporated in 2008 by sole owner and CEO, Wesley Allen, Red Wolf Energy Trading initially focused exclusively on financial transactions within the PJM market. In 2010, Red Wolf Energy Trading began its first round of expansions with the addition of Miso market participation. In late 2012, Red Wolf Energy Trading also added the NYISO and ERCOT markets to the firm’s expanding portfolio.
Red Wolf Energy Trading and its subsidiaries continue to focus on growth with careful and deliberate movement into new markets and products. We currently seek experienced power traders with a proven record of success inside the MISO footprint.
Currently Red Wolf trades electricity and provides liquidity in the physical and financial markets in 25 states, the District of Columbia and the Canadian province of Manitoba.
Who We Are
Wesley Allen, CEO
A 1998 graduate of NC State University, Wesley Allen has spent the past 16 years in the power industry. In his early career, Mr. Allen interned for CP&L where he evaluated weather and power plant data. Quickly he transitioned to trading in the real time markets and by 2002 managed the daily operations of what was then Progress Energy’s merchant fleet of power plants. By 2003, Mr. Allen was trading next day power for the Georgia Electric Cooperatives and Jackson EMC full requirement deals as well as long term power and natural gas for Progress Ventures, the unregulated arm of Progress Energy. Following the divestment of Progress Ventures, Wesley joined Acrlight Energy Marketing where he traded in the PJM market until the inception of Red Wolf Energy Trading in 2008. While actively trading, Mr. Allen also spends a great deal of time participating in the stakeholder processes, committees and subcommittees as each relate to regulatory, compliance and product analysis.
Adam Christian, Director of Information Technology, Senior Energy Trader
After studying Software Engineering at the University Of Delaware, Adam Christian began his career in the power industry in 2007. Initially working for Conectiv Energy, where he gathered daily ISO market data and wrote analysis software to discover opportunities within the markets. In 2010 at the dissolution of Conectiv Energy, Mr. Christian joined Red Wolf Energy Trading as Director of Information Technology. Mr. Christian oversees trade entry and settlement, risk parameters and compliance surveillance software programs for each of Red Wolf Energy Trading’s three ISO markets. Beginning in 2010, Adam added Energy Trader to his resume, where he successfully trades within the PJM and MISO markets.
Richard Staehs, Senior Energy Trader
Richard began his career in the energy industry in 1993 as an Contract Administrator for the Tosco Corporation. Richard moved up within the company joining the Clean Products Positions Group and later became the Gross Margins Supervisor where he was responsible for accounting and reporting all Refinery inventories and activity.
In 1993, Richard Staehs began his career in the energy industry as a Contract Administrator for the Tosco Corporation. Mr. Staehs advanced within the company joining the Clean Products Group and later becoming the Gross Margins Supervisor where he was responsible for accounting and reporting all refinery inventories and activity. In 2000, Mr. Staehs moved to PSE&G, where he scheduled all PJM, Miso and NEISO transactions. Following an advancement in 2002, he became a Generation Specialist and by 2004 the Chief Specialist. A year later, Mr. Staehs began trading within the PJM and Miso markets. Departing PSE&G in 2007, Richard joined Conectiv Energy where he traded in the PJM, Miso, NEISO and NYISO markets. Mr. Staehs joined Red Wolf Energy Trading in 2010, where he trades within the PJM market.
Julius McAdams, Senior Energy Trader
Julius McAdams joined Red Wolf Energy Trading in 2011, marking the beginning of his career in the power industry. A 1998 graduate of East Carolina University, Mr. McAdams specialized in the Up To Congestion product within the PJM market. Actively involved with the ongoing regulatory and compliance processes and product analysis within PJM and the current Miso evaluation of spread bid products, Julius continues to gain valuable industry experience.
Sachin Jasani, Senior Applications Developer
A graduate of the University of Delaware, Sachin Jasani worked as a system programmer for CSC prior to joining Red Wolf Energy Trading in 2011. Mr. Jasani works closely with each trader to continuously improve and customize the functionality of our trade entry software, data processing and report generation. Sachin develops and maintains integrated programming that supports Red Wolf Energy Trading’s risk management and compliance policies.
Rishi Sharma, Senior Energy Trader
In 2012, Rishi Sharma joined Red Wolf Energy Trading specializing in the New York ISO power market. For more than ten years prior, Rishi had successfully traded both physical and financial power primarily within the Eastern Interconnect. He previously worked at West Oaks Energy, Barclays Capital, Goldman Sachs and Constellation Energy Group. Mr. Sharma studied Finance and Information Systems at the Leonard Stern School of business at New York University as well as the London School of Economics.
Punit Rawal, Senior Energy Trader
Punit Rawal has worked in the energy industry since 2001. Punit joined Red Wolf Energy Trading in 2013 specializing in the Miso market. He has a Masters in Computational Finance from Carnegie Mellon University and an MBA from the University of Michigan.
René Francoeur, Senior Energy Trader
After starting his undergrad in Actuarial Studies, René completed his degree in finance from Laval University in Canada. In 2001, he began his career in the power industry first as a scheduler then a generation specialist for Allegheny Energy Supply in NYC. He later went on to Bank of America to work on their physical power trading initiative. In 2003, he cofounded Black Oak Energy where he made his debut trading electricity and also served as the CFO of the firm. René has been active in the ISNO, NYISO, PJM and MISO markets during his career and joined Red Wolf Energy Trading in 2014 after some time off from the industry. He is looking forward to contribute to the team with his vast experience in the industry.