City of Anaheim Goes Live with Triple Point's Power XL; Municipality gains immediate benefit from system designed for newly deregulated electric industry.Business Editors WESTPORT, Conn.--(BUSINESS WIRE)--Jan. 23, 2003 Rapid implementation, advanced risk management, efficiencies in supply chain Triple Point Technology, Inc. (www.tpt.com), the global leader in streamlining energy trading operations and providing tools that enable energy companies, utilities, and marketers to manage risks, today announced the successful deployment of its Power XL electricity transaction and risk management system at Anaheim Public Utilities Department. The Application Service Provider (ASP) implementation was completed in 10 weeks. Anaheim is using Power XL to streamline its operations and manage the risks inherent in its electricity portfolio. Additionally, Anaheim is using Triple Point's recently-launched California ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. module to facilitate the scheduling and movement Joint Operation Planning and Execution System application software providing the capability to create, update, allocate, manifest, and review organic carrier information before and during deployment. of power. The Power XL solution provides the City of Anaheim Public Utilities Department with one integrated system that can handle the demands of California's complex power market. Power XL enables utilities and power trading companies to calculate and analyze 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. risk (the impact on revenue resulting from swings in demand for power), particularly on an hourly basis. A battery of scenario and value-based risk management tools allow utilities to arrive at a more complete picture of their position, or supply obligations and expected generation loads. Power XL combines this granularity of position keeping with rich trading functionality for hedging and portfolio management. "Power XL's user base is growing because of its modern toolset and advanced technology. The ASP deployment is designed to help utilities like Anaheim Public Utilities measure, monitor, and control their power operations," said Triple Point Technology, president Peter F. Armstrong. The ASP model is an attractive offering to municipalities and mid-sized utilities because it does not require the usual investment in IT infrastructure, it enables rapid deployment, and offers seamless software upgrades. "Triple Point offers a complete front- to back-office system and they were the first to the market with a California ISO-compatible solution for scheduling, billing and settlement," said Steve Sciortino, Integrated Resources Manager for Anaheim Public Utilities. "Given Triple Point's impressive history of providing leading-edge solutions to the energy industry, the ability to deploy Power XL via ASP, and our RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. process, we concluded that only Triple Point was able to meet our requirements; this made our decision to use Triple Point easy." About the City of Anaheim The City of Anaheim is one of the nation's premier municipalities and California's 10th most populous city. As the oldest and largest city in Orange County, Anaheim covers 50 square miles A square mil is a unit of area, equal to the area of a square with sides of length one mil. A mil is one thousandth of an international inch. This unit of area is usually used in specifying the area of the cross section of a wire or cable. , and serves more than 328,000 residents and businesses in the City of Anaheim and is Orange County's only publicly owned Publicly owned can refer to:
About Triple Point Technology Headquartered in Westport, Connecticut Westport is a coastal town in Fairfield County, Connecticut, in the United States. The 2004 population estimate was 26,644. The town is as affluent as other expensive Fairfield County towns, boasting a per capita income of more than $70,000. (U.S.A.), Triple Point Technology operates worldwide, with London and Singapore serving as international hubs. Triple Point is a major provider of commodity trading systems used by traders, CEOs, and CFOs at more than 70 multinational energy, power, and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms including: Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , Duke Energy, Cinergy, PETRONAS PETRONAS Petroliam Nasional Berhad (Malaysia's national petroleum corporation established 1974) , Amerada Hess, and BP. Triple Point has realized 120% growth in revenue over the previous five years and has been recognized by Inc. magazine as one of the fastest growing companies in America four times for its performance since its inception in 1993. The company's flagship products, Tempest XL, Power XL, and Gas XL, provide producers, users, and traders of oil, electricity, and natural gas, respectively, the tools needed to streamline transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , maximize efficiencies in the supply chain, and perform sophisticated risk analyses. |
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