APX Delivers Texas Renewable Energy Credit System to ERCOT.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--April 19, 2001 Automated Power Exchange(R) Inc. (APX APX Approximately APX ascorbate peroxidase APX Amsterdam Power Exchange APX Automated Power Exchange APX Alt Preset Extreme (MP3 encoding preset) APX Average Page Exposure APX Ateliers de Puteaux APX Airborne Radar Transponder (R)), a provider of electronic infrastructure services for the electric power industry, today announced that it has delivered the computer system for the implementation of the Texas Renewable Energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. Credit (REC) Program to The Electric Reliability Council of Texas  The Electric Reliability Council of Texas (ERCOT) formed in 1970, as the successor to the Texas Interconected System (TIS). (ERCOT ERCOT Electric Reliability Council Of Texas, Inc. ). Delivery was completed April 10, nearly three weeks ahead of schedule, with the system meeting all tested functionality and reliability requirements at that time. ERCOT plans additional testing now that the system has been delivered. "ERCOT expects that the timely delivery of this system will enable ERCOT to efficiently meet the requirements for this program established by the Public Utility Commission of Texas," said Tom Noel, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ERCOT. A user-friendly Web portal See portal. , registration, and account management functions combine with verification from the meter data used in ERCOT's control infrastructure. Appointed by the Public Utility Commission of Texas as the REC Program administrator, ERCOT will use the system for data management and compliance tracking of Texas renewable energy requirements. Renewable power generators will accumulate and bank credits for trade with energy retailers and other REC Program participants -- all through secure online systems provided by APX. Said Rosalie Day, APX Texas and Southeast U.S. regional director, "In developing this important system for ERCOT, we tailored the functionality and performance to the specific requirements of ERCOT. Just as importantly, we designed the system to be as easy to use as online banking." The APX-supplied system will allow qualified members of the Texas wholesale power market to register for the REC Program at www.texasrenewables.com. There, generators will accumulate and record transfers of their credits, and retailers will record the credits they need to match their consumption requirements. Online account statements and other information will automate record keeping and compliance report preparation, saving time for participants and program administrators. The Texas REC Program aims to increase the installation of renewable energy technologies by an additional 2,000 megawatts by 2009. ERCOT expects to open the REC Program Web site for registration purposes April 23. A kick-off meeting for participants is planned for early May. Participants may begin banking credits effective July 1, 2001. A timeline detailing the full implementation of the REC Program will be available on the Web site. "Texas is a forerunner in renewable energy credit programs, as one of the first U.S. states to implement a renewable portfolio standard  This article or section may deal primarily with the U.S. and may not present a worldwide view. ," said John Yurkanin, APX president and CEO. "APX now has developed renewable energy credit systems in four states, giving us unmatched expertise in this area." The integrated system includes Windows(R) NT-compatible applications, an Internet-based HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. graphical user interface graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to , system software written in C++ and SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. (R), and Pentium(R) III servers and workstations. APX remains under contract to ERCOT for 90 days to provide technical support. About ERCOT: ERCOT helps keep the lights on in Texas and is one of ten regional reliability councils in North America. The organization currently oversees the operation of nearly 70,000 megawatts of generation and 37,000 miles of transmission lines in the State of Texas. The primary regulatory authority for ERCOT is the Public Utility Commission of Texas. ERCOT's members include retail consumers, investor and municipally owned electric utilities, rural electric co-ops, river authorities, independent generators, power marketers, and retail electric providers. More information is available at www.ercot.com. About APX: Automated Power Exchange provides the market and scheduling technologies needed to support power system administration and operates Internet-based exchanges, voice brokerages, and clearinghouses for the buying and selling of electric power, renewable power, and related products. A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , APX has its world headquarters in Santa Clara, Calif., and its European headquarters in London. More information is available at www.apx.com. |
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