Brazos Valley Energy LP joins APX as Customer; Signing Term Deal for Energy Scheduling and Settlement Services.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--March 10, 2003 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 , a provider of transaction processing services for the electric power industry, announced today that it has signed a term deal to provide full electricity scheduling, operations and settlement services to the Brazos Valley Energy plant. The Brazos Valley plant is a 600 MW gas-fired merchant plant in Fort Bend County, Texas Fort Bend County is a county located along the Gulf Coast region in the U.S. state of Texas within the Houston–Sugar Land–Baytown metropolitan area. In 2000 its population was 354,452; in 2005, the U.S. Census Bureau estimated its population to have reached 463,650. . Working in conjunction with the plant's energy management firm, Pace Global Energy Services, APX will provide testing support, real-time operations, scheduling and settlement of electricity and SCADA (Supervisory Control And Data Acquisition) A process control application that collects data from sensors and machines on the shop floor or in remote locations and sends them to a central computer for management and control. generation monitoring and control within its role as the plant's Qualified Scheduling Entity (QSE QSE Quality Software Engineering QSE Quality, Security, Environment QSE Estimated Drift of Survival Craft (radiotelegraphy) QSE Qatar Stock Exchange ) in ERCOT ERCOT Electric Reliability Council Of Texas, Inc. . "Working with APX allowed us to focus on managing the energy, while APX focuses on its QSE role," states Carmen Andreoli, Executive Director of Pace Global Energy Services. "With a unique combination of operations, technology and physical plant control, APX is able to provide the Brazos Valley plant with full support of the asset," says Wendy Brown, Director of ERCOT Market Development. APX currently manages electricity transactions for more than 7,000 megawatts of generation and more than 4,000 megawatts of load in the ERCOT market. About APX Inc.: As an independent transaction processing service provider for wholesale electric power and natural gas markets, APX provides post-trade, back-office services for approximately 200 client companies in North America and Europe. Services include scheduling and settlement, generation control and information systems, and demand response. 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 offices in California, Texas, Connecticut, and Norway. More information is available at www.apx.com |
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