Ameren Corporation and AmerenEnergy Choose Caminus Zai*Net Manager, Risk Analytics and WeatherDelta.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 20, 2001 Midwestern Utility and Trading Arm Select Zai*Net Software Suite For Transaction and Enterprise-wide Risk Management Caminus Corporation (Nasdaq: CAMZ), an industry-leading provider of software and strategic consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to the energy markets in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe, announced today that Ameren Corporation (NYSE NYSE See: New York Stock Exchange : AEE AEE Adult Entertainment Expo AEE Association of Energy Engineers AEE Association for Experiential Education AEE Arbeitsgemeinschaft Erneuerbare Energie AEE Autoridad de Energía Eléctrica (Puerto Rico Electric Power Authority) ), among the nation's largest electric utilities, has licensed Zai*Net Manager(TM), Zai*Net Risk Analytics(TM) and Zai*Net WeatherDelta(TM) products to address its energy trading, marketing and risk management requirements. AmerenEnergy, Inc., the power trading and marketing subsidiary of Ameren Corporation, will deploy Caminus' Zai*Net Manager for deal capture, scheduling and accounting, and Zai*Net Risk Analytics for risk management in its power operations. "We selected Caminus because of the software's deep physical functionality, and because it is also able to address our corporate credit and risk management needs across a wide range of commodities," said Clarence J. Hopf Jr., Vice President of Power Trading at AmerenEnergy. Ameren also plans to deploy the Caminus software on the corporate level for integrated credit and risk management, and to manage the utility's weather-based volumetric volumetric /vol·u·met·ric/ (vol?u-met´rik) pertaining to or accompanied by measurement in volumes. vol·u·met·ric adj. Of or relating to measurement by volume. risk. Zai*Net WeatherDelta provides energy traders with a powerful means to assess the value and risks of assets and obligations in the context of a complete portfolio, and to quantify Quantify - A performance analysis tool from Pure Software. the impact of weather on volume and price risk. "We found that the Caminus products have the core risk management and deal capture functionality we need along with the capability to analyze complex physical and financial transactions. Zai*Net will provide us with the information backbone on which Ameren bases its enterprise-wide market and credit risk management," said Baxter Gillette, Vice President of Risk Management at Ameren Energy. About Ameren Corporation A $10 billion asset company, St. Louis-based Ameren Corporation (NYSE: AEE) is one of the nation's largest utilities, with 7,400 employees serving 1.5 million electric customers and 300,000 natural gas customers across a 44,500 square-mile area of Missouri and Illinois. Its transmission systems provide market accessibility, having 30 physical interconnects with other transmission systems. AmerenEnergy, a subsidiary of Ameren Corporation, supports Ameren's trading and marketing businesses that provide a broad range of energy-related products and services to the wholesale and retail energy marketplace. For more information, visit www.ameren.com. About Caminus Corporation Headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of with offices in Houston and Dallas, and London and Cambridge, UK, Caminus (Nasdaq: CAMZ) currently has more than 150 energy enterprise customers of its software solutions and strategic consulting services. Caminus' customers represent the energy industry's leading enterprises, including British Energy British Energy plc (LSE: BGY) is the UK's largest electricity generator by volume and a constituent company of FTSE 100. It is primarily an operator of formerly state-owned nuclear power stations. , Consolidated Edison This article is about the utility company in New York. For ComEd in Illinois, see Commonwealth Edison. Consolidated Edison, Inc. NYSE: ED is one of the largest investor-owned energy companies in the United States. , Conoco, Dynegy and Powergen. Caminus provides the energy industry with a suite of software solutions and associated services addressing multiple energy commodities and types of risk across varied geographies, while enabling energy market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. to manage complex risk scenarios and effectively trade and manage energy transactions. The Company also provides strategic consulting services to many of the world's leading energy market participants. For more information, visit www.caminus.com. |
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