NGX Establishes The Peter and Gail Krenkel Scholarship in Chemical Engineering
at the University of Alberta
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
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.
Carolyn Quick Director, Communications and Public Affairs TMX Group
SOURCE: TSX Group Inc.
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CO: TMX Group Inc.
-0- Jan/08/2013 14:57 GMT
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