Calpine Completes Fully Integrated Installation of Caminus' Nucleus Software for Energy Trading and Risk Management.Business Editors NEW YORK--(BUSINESS WIRE)--July 10, 2001 Caminus Corporation (Nasdaq: CAMZ), a leading provider of software solutions and strategic consulting services to participants in the competitive energy markets throughout 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, today announced the successful installation of its Nucleus Energy 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. at Calpine Corporation (NYSE NYSE See: New York Stock Exchange : CPN CPN Communist Party of Nepal CPN Commercial Property News CPN Civic Practices Network CPN Calling Party Number CPN Community Psychiatric Nurse (UK) CPN Cisco Powered Network CPN Connaitre et Proteger la Nature ). Calpine Energy Services is using the system to manage its Houston-based physical and financial energy commodities trading operations. The implementation at Calpine includes five integrated software Separate software components or applications that have been combined into one package. See integrated software package. modules for trading physical power, physical gas and financial derivatives. The system provides Calpine with one solution for managing all activities associated with optimizing its merchant portfolio. "With the completion of the Nucleus implementation, we passed a significant milestone on our way to becoming a world-class risk management organization," said Andrew Slocum, Director of Risk Analysis at Calpine Energy Services, a subsidiary of Calpine Corporation. "Deciding to go forward with one system for all commodity functions was not the easy way to go, but it was the right way to go. Now we have 150 people working off the same system. Nucleus' integrated systems provide us with a tremendous advantage." Caminus' Nucleus Energy Trading System puts into the hands of energy traders and marketers a highly integrated tool suite to proactively organize, track and manage energy transactions from generation to end-user delivery. Traders can use the software to monitor profit and loss risk associated with any commodity traded, and can manage credit risk and exposure as well as positions. "We are very excited about seeing Calpine fully utilizing the capabilities of the Nucleus system," said John Gerold, Senior V.P. at Caminus' Nucleus Product Group. "This success is the result of our strong business partnership with Calpine and our commitment to working together to completely understand and facilitate Calpine's business needs. We look forward to a continuing, fruitful relationship." About Calpine Corporation Based in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif., Calpine Corporation is dedicated to providing customers with reliable and competitively priced electricity. Calpine is focused on clean, efficient, natural gas-fired generation and is the world's largest producer of renewable geothermal energy geothermal energy: see energy, sources of. geothermal energy Power obtained by using heat from the Earth's interior. Most geothermal resources are in regions of active volcanism. . Calpine has launched the largest power development program in North America. To date, the company has approximately 31,200 megawatts of base load capacity and 6,800 megawatts of peaking capacity in operation, under construction, and in announced development in 28 states and Canada. The company was founded in 1984 and is publicly traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CPN. For more information about Calpine, visit its Website at www.calpine.com. About Caminus Corporation Caminus Corporation is a leading provider of risk management software and strategic consulting services for participants in energy markets throughout North America and Europe, including utilities, electrical power generating companies, energy marketers, electric power pools, gas producers, processors, and pipelines. Caminus offers a suite of software solutions and associated services to enable energy market participants to manage complex risk scenarios and effectively trade and manage energy transactions addressing multiple energy commodities and types of risk across varied geographies. In addition to its suite of risk management software solutions, Caminus also provides strategic consulting services for market-related issues within the energy sector. The company currently has over 150 energy enterprise customers of its software solutions and strategic consulting services, 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, and Powergen. Caminus 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 London and Cambridge, UK; Houston and Dallas, Texas; and Calgary, Canada. For more information about Caminus, please visit the corporate Web site at www.caminus.com. |
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