Excelergy and Energy Solutions Plus Join Forces to Launch Rapid Entry Program for Midwest Market Participants.Energy Editors/Business Editors LEXINGTON, Mass. and FOREST, Va.--(BUSINESS WIRE)--Jan. 22, 2003 Midwest Market Rapid Entry Program will couple Excelergy's wholesale energy software with ESP's rapid deployment and integration services Excelergy(R) Corporation and Energy Solutions Plus Inc. (ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. ) announced today they have entered into a strategic alliance to enable energy generators, wholesalers and marketers to profitably do business in the new wholesale energy market currently being implemented by the Midwest 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. (MISO) and the Southwest Power Pool The Southwest Power Pool (SPP) is the oldest North American reliability organization still in operation, having originally formed in 1941 when eleven power companies cooperated to ensure that an aluminum factory would receive reliable power as it worked to assist the US war effort (SPP (1) (Scalable Parallel Processor) A multiprocessing computer that can be upgraded by adding more CPUs. (2) (Standard Parallel Port) The Centronics parallel port that was used on the first PCs. ). MISO/SPP are scheduled to begin market participant The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. training in Q1 2003, with formal registration beginning in the second quarter. Market trials are planned to start in August, preceding the launch of the Midwest Market scheduled for December 2003. The Midwest Market Rapid Entry Program(SM) will combine ESP's successful wholesale business and technology consulting experience with Excelergy's award-winning Excelergy Trader BackOffice(TM) software platform designed to optimize and accelerate the energy delivery to cash cycle in real-time physical markets. The rapid entry program will deliver MISO/SPP-specific connectivity, collaborative communications and high performance transaction management for new and existing market participants, while automating critical processes such as bid management, deal capture, scheduling, shadow settlement, and network billing and settlement. "The joint ESP-Excelergy solution will provide MISO/SPP market participants with the back office efficiency and accuracy they need to profitably do business in this evolving market," said Excelergy president and chief executive officer Bill Mahoney Bill Mahoney (born June 23, 1936 in Peterborough, Ontario) is a former Canadian ice hockey coach. He was head coach of the Minnesota North Stars from 1983 to 1985. External links
"The emergence of new wholesale markets, such as the Midwest Market Initiative driven by MISO/SPP, is creating complex business and technology challenges for market participants," said Peter Ferguson, principal of Energy Solutions Plus. "The need for an early and clear understanding of the market rules and requirements is paramount to successful entry into the new market. Automated and efficient transaction management, bid management, scheduling and shadow settlement capabilities will be necessary for long term success." Currently, the Midwest Market participants can purchase power from one another through an advance reservation with the Midwest ISO. During peak demand, when prices can be volatile, the new energy market will provide buyers and sellers day-ahead and real-time market prices for the delivery of electricity. Many leading energy companies are moving to deploy advanced IT systems fully capable of handling multiple market rules and requirements, allowing them to seamlessly do business across multiple RTOs. About Energy Solutions Plus Inc. Energy Solutions Plus (ESP) is a premier provider of specialized integration and consulting services to companies within the energy and utility industry. With approximately 85 professionals in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market, ESP leverages business knowledge and an intimate understanding of the industry with technical capabilities to deliver cost-effective solutions. Core competencies include a thorough understanding of the electric and gas markets in the US and Canada; lifecycle application developments and support; program and project management; and deep product knowledge of CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S , CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , metering, scheduling and settlement applications. More information is available at www.energysolutionsplus.com. About Excelergy(R) Corporation Excelergy is a world leader in high performance software platforms that increase revenues, improve cash flows and reduce costs in the energy/utility industry and other restructuring value chains. Excelergy's highly flexible, scalable software systems automate forecasting, trading, scheduling, billing, settlement and customer/partner acquisition and care. They are based on an open, object-oriented, Web-based, native XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. technology architecture. Winner of both the Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: 100 and UPSIDE Hot 100 awards for the world's top private companies, Excelergy has its North American headquarters in Lexington, Massachusetts Lexington is a town in Middlesex County, Massachusetts, United States. The population was 30,355 at the 2000 census. The town is famous for being the site of the opening shots of the Battles of Lexington and Concord, the first engagement of the American Revolution. , its European headquarters in London, England and its Asia-Pacific headquarters in Melbourne, Australia. More information is available at www.excelergy.com. |
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