Carolina Power & Light Taps TransEnergy Management to Provide Real-Time Risk Management And Power Trading Systems.

HOUSTON--(BUSINESS WIRE)--Nov. 17, 1997-- TransEnergy Management Inc. today announced that it has licensed its Risk Management System (RMS) and the front office module of the company's new Power Marketing System 4.2 to Carolina Power & Light, one of the largest utilities in the Southeast. To address the demands of a rapidly moving market, TransEnergy has integrated RMS with the front office module of its Power Marketing System, providing real-time risk management capabilities for Carolina Power & Light's physical and financial portfolio.

Carolina Power & Light sought a system that offered flexible and responsive risk management for its power trading operation, which includes position management, mark-to-market and value at risk.

"CP&L has decided to purchase the TransEnergy package for our electricity trading risk management needs because we believe it can meet our short-and long-term requirements," said Ken Hooper, CP&L's manager of Risk & Derivative Products. "The critical factor in our decision is our belief that TransEnergy will be a software market leader by providing ongoing product enhancements and superior customer support."

"The addition of Carolina Power & Light to TransEnergy's growing customer base demonstrates our ability to address the needs of today's utility market and our emergence as an industry leader," said Gary Vasey, TransEnergy Management's vice president of marketing. "Our system was developed to include both marketing and risk management functionality in one package. By offering customers a more comprehensive and fully integrated product, we have set ourselves apart from the competition."

In addition to the Risk Management System and Power Marketing System 4.2, TransEnergy's full suite of energy products includes the Energy Marketing System (EMS), which assists companies in managing the purchase, transportation/transmission, storage and sale of natural gas and electricity; and Energy Transportation System (ETS) and LDC Manager, developed and marketed jointly with Southern California Gas Co. Both ETS and LDC Manager provide the functionality required for facility operators to manage the services they provide to others.

Since 1988, TransEnergy Management Inc. has set the industry standard for energy marketing software and related services with the TransEnergy Manager (TEM). TEM incorporates performance, usability and integration in a software suite providing marketing, transportation and risk management of energy, including electricity, natural gas and other energy commodities. TransEnergy maintains offices in Houston and Calgary.

Carolina Power & Light provides electricity and energy services to more than 1.1 million customers - representing a population of more than 3.75 million people - in the Carolinas.

CONTACT: TransEnergy Management

Verna Ray, 713/693-2100