Consolidated Edison Licenses Zai*Net System from Caminus To Handle Corporate-Wide Energy Trading and Risk Management.NEW YORK--(BUSINESS WIRE)--June 21, 1999-- In a move to consolidate company-wide risk management with a single software solution, 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. Company of 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 , Inc. (CECONY) has licensed the Zai*Net Energy Trading and Risk Management system from Caminus LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The Zai*Net implementation will include both regulated and deregulated power and gas operations to provide corporate-wide risk information while maintaining portfolio integrity between business units. Consolidated Edison, Inc., is one of the nation's largest investor-owned energy companies, with more than $7 billion in annual revenues and $15 billion in assets. Currently, four Con Ed units - deregulated Con Edison Solutions and Con Edison Energy, and CECONY's regulated The Mega Watt-Hour Store(tm) and Gas Supply - rely on separate software solutions to meet their front, middle and back-office needs. Zai*Net's open architecture will interface with these existing applications to produce a consolidated, corporate-wide picture of risk and credit exposure. Con Edison will use the Zai*Net system to support power, natural gas and fuel operations in both their White Plains and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. offices. "Zai*Net gives Con Edison an unmatched ability to monitor, analyze and manage physical and financial transactions at both the corporate and business levels," said David Stoner ston·er n. 1. One that stones. 2. Slang a. One who is habitually intoxicated by alcohol or drugs. b. One who is a delinquent or failure. , 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. of Caminus LLC. "We look forward to working with the Con Edison team and implementing a system to manage risk across the enterprise." In selecting Caminus, Con Edison joins a global client base of more than sixty major energy enterprises, including: 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, Inc.; Public Service Electric & Gas Co.; Phillips Petroleum Co.; Pennsylvania Power & Light; PG&E Energy Trading; and Eastern Electricity plc. Caminus, an international company and leader in providing strategic advantage to participants in the global energy market, is headquartered in New York, with offices in Houston, Texas and in London and Cambridge, UK. Their Zai*Net Software is today's foremost energy trading, risk management and scheduling software in competitive energy markets. For recent news releases and other information on CAMINUS, visit the company Web site at www.caminus.com. |
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