British Energy on Track for Neta Requirements With Caminus' Zai*Net Software.Busines Editors & Energy Writers LONDON & NEW YORK--(BUSINESS WIRE)--Aug. 9, 2000 Caminus Corporation (Nasdaq: CAMZ), the industry-leading provider of software solutions and strategic services to energy markets in Europe and 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. , announced today that 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. , Britain's largest electricity generator, successfully completed the first phase of Project Columbus incorporating Caminus' Zai*Net(TM) software into a new trading hub. Project Columbus is British Energy's new trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. project for its U.K. energy trading operations. Zai*Net software supports the capabilities needed by British Energy to operate under the UK's New Electricity Trading Arrangements (NETA). Zai*Net Risk Analytics will allow British Energy to analyse standard Monte Carlo VaR and credit risk, and also specific 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. risks arising from the NETA reforms. Zai*Net will deliver an efficient, structured trading operation and an accurate and timely view of British Energy's risk position against a background of the anticipated significant increase in the number of trading transactions. Zai*Net will assist British Energy in optimising its trading activities across a number of existing markets and enable the company to move quickly into new markets as required. Andy Clements, Director of Power & Energy Trading at British Energy, said, "After reviewing 12 offerings that included package-based trading and risk management systems, we selected Zai*Net because it provided the best overall coverage of functionality across front-, mid- and back-offices. With the aggressive implementation time-table that we set ourselves for NETA readiness and Caminus' extensive strategic consulting experience, we felt that Caminus was the best organisation to provide British Energy with very strong capabilities in trading and risk management methodology and tools. British Energy appointed Logica as its system integrator earlier in the year, and together with Caminus we have a very strong team." Senior Vice President and Director of European Operations for Caminus, Dr Nigel Evans, adds, "British Energy is undoubtedly one of the front runners in the UK energy market, and we are delighted to add such a prestigious name to our European client base. Their input has been key in ensuring that the Zai*Net product suite meets the needs of this sophisticated market." About British Energy British Energy is one of the UK's largest generators. Through its ownership of the eight most modern nuclear power stations This is a list of major nuclear power plants in all countries in the world. This is an incomplete list. You can help Name of power station Installed capacity in MW Country Atucha I nuclear power plant 357 Argentina in the UK, British Energy supplies about 22% of the country's electricity needs. Recently the company has branched out into other forms of generation with the acquisition of the 2,000 MW coal-fired Eggborough power station Eggborough Power Station is one of three power stations (Ferrybridge, Eggborough, Drax) which extend in a line about 4 miles apart from each other to the in Yorkshire and also has an interest in Humber Power Ltd, owners of a 1260MW gas-fired power station. British Energy is also active in the USA and Canada. In 1997 the company formed AmerGen, a joint venture with PECO PECO Países da Europa Central e Oriental (Portugal) PECO Philadelphia Electric Company PECO Public Education Capital Outlay PECO Pelagic Cormorant (phalacrocorax pelagicus) Energy of Philadelphia and Three Mile Island -1, a 790MW PWR PWR pressurized-water reactor Noun 1. PWR - a nuclear reactor that uses water as a coolant and moderator; the steam produced can drive a steam turbine pressurized water reactor , and Clinton, a 960MW BWR n. 1. a boiling water reactor; a type of nuclear reactor that uses water as a coolant and moderator; - the steam produced can drive a steam turbine and produce electrical power. Noun 1. . In July British Energy announced the acquisition of the Bruce nuclear plant near Toronto and most recently purchased another US station at Oyster Creek. For more information about British Energy, visit: www.british-energy.co.uk About Caminus Caminus Corporation (Nasdaq: CAMZ) is the leading provider of software solutions and strategic consulting services to participants in competitive energy markets throughout North America and Europe. Clients include utilities, electrical power generating companies, energy marketers, electric power pools, gas producers, processors, pipelines and governments. Caminus software and services enable energy market participants to trade and manage energy transactions, addressing multiple energy commodities and types of risk across varied geographies. In addition, Caminus provides strategic consulting services to many of the leading European energy market participants. The Company has more than 100 clients worldwide, including PowerGen Plc, Yorkshire Electricity, TXU TXU Texas Utilities (Electric and Gas Company) TXU Transmitter Unit Europe, American Electric Power American Electric Power (NYSE: AEP) is a major investor-owner electric utility in various parts of the United States. It is headquartered in Columbus, Ohio. It serves parts of 11 states, and is currently the largest electricity generating utility in the United States. , Conoco, PreussenElektra, Electrabel SA, and TXU Electric & Gas. Caminus has a global staff of approximately 230 energy market subject matter experts. The Company is 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. For more information about Caminus, visit the company web site at www.caminus.com. |
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