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CPS San Antonio Signs Agreement for Enporion Dynamic Commerce Service.


Energy Editors/Business Editors

TAMPA, Fla.--(BUSINESS WIRE)--June 10, 2004

Nation's Largest Municipally Owned Energy Company Providing

Electric and Natural Gas Services Initiates e-Commerce Program

City Public Service (CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. ) of San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation).
San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S.
 has signed an agreement with Enporion, a leading provider of advanced and highly efficient sourcing and procurement services for the energy utility industry, to execute $5 Million in Enporion Dynamic Commerce auction events. This is the first such agreement for Enporion with a municipally owned energy company.

CPS serves more than 600,000 electric customers and over 300,000 natural gas customers in and around the ninth largest city in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "This agreement with Enporion is a significant step in our continuing efforts to provide the most cost-effective energy rates for our customer base," said Ken Emery emery: see corundum.
emery

Granular rock consisting of a mixture of the mineral corundum (aluminum oxide, Al2O3) and iron oxides such as magnetite (Fe3O4) or hematite (Fe2O3).
, Senior VP, Information Management and Shared Services shared services,
n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them.
, for CPS. "It also represents our initial venture into the emerging world of electronic commerce. We are pleased to partner with Enporion in our effort to continue to drive costs out of our supply chain, and look forward to expanding our relationship with them."

Enporion regularly conducts full-service forward and reverse auctions for energy companies. Over the past three years, millions of dollars in savings have been provided to auction participants. These companies are assured, through Enporion's process, of receiving the most competitive pricing as well as other levels of service and terms and conditions. In addition, suppliers have benefited by gaining access to new business opportunities and by the efficiencies of participation in Enporion's electronic order management services.

"We are pleased to add CPS to the increasing number of companies that are taking advantage of the Enporion marketplace to reap the benefits of e-commerce," added George Gordon George Gordon may refer to:
  • George Henry Gordon (1823–1886), U.S. Army general
  • George Gordon, 1st Earl of Aberdeen (1637–1720)
  • George Gordon, 3rd Earl of Aberdeen (1722–1801)
, Enporion Chairman and 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. . "Enporion's customers are experiencing excellent results using online auctions as a strategic sourcing tool. We are excited to have this new opportunity to work with the largest municipally owned utility providing electric and natural gas services in the country."

About Enporion

Enporion provides sourcing and procurement services to the gas and electric energy industry to complement supply chain activities and deliver bottom-line value. Enporion's goal is to simplify the buying process and to drive operational excellence through supply chain improvement. By reducing cycle times, lowering inventories, and reducing transaction costs Transaction Costs

Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it).
, buyers and suppliers will realize enhanced profitability. Enporion buyers access new suppliers, and experience supply chain process improvements, thus lowering overall operating costs operating costs nplgastos mpl operacionales . Suppliers reap the benefit of a smoother interface and exposure to new customers, while having their voices heard through a permanent Enporion Supplier Council. The company's Web address is www.enporion.com.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 10, 2004
Words:437
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