Xcel Energy Selects PCI Software for MISO Solution.
"We see the potential for significant benefits in using the PCI GenManager(TM) suite over other solutions we investigated," said Eric Pierce, managing director of energy trading at Xcel Energy.
PCI GenManager(TM) has been implemented for generation supply management at other MISO and PJM participants. Xcel Energy selected PCI as its preferred vendor to provide market participation solutions following a thorough evaluation process of competing systems.
According to PCI Vice President Walter Hobbs, "Northern States Power Co., an Xcel Energy operating company, was PCI's first customer in 1994 for our asset optimization solution, so it is very fitting that Xcel Energy would choose to adopt our latest tools for market participation."
PCI GenManager(TM) provides automatic creation and analysis of a variety of bid-and-offer alternatives each day, communication with MISO, and shadow settlements on market results. Xcel Energy also plans to utilize PCI GenTrader for portfolio optimization across all of its operating companies (NSP, Public Service Co. of Colorado and Southwestern Public Service Co.).
PCI GenManager(TM) is aimed at optimizing profits in LMP-based two-settlement markets. Combined with PCI GenTrader(R) for portfolio optimization and PCI GenPortal(R) for workflow automation, PCI GenManager(TM) completes the PCI Generation Supply Management System(TM).
About Xcel Energy
Xcel Energy is a major U.S. electricity and natural gas company with regulated operations in 11 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.3 million electricity customers and 1.8 million natural gas customers through its regulated operating companies. In terms of customers, it is the fourth-largest combination natural gas and electricity company in the nation. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.
About Power Costs Inc.
Power Costs Inc. (PCI) is a leading provider of generation supply management and optimization software. PCI has grown steadily since its incorporation in 1992 by providing best of breed software, superior customer support and value-added services. PCI software is used to optimize nearly half of all generation in the United States and is recognized for delivering solutions that are critical for operations and for asset, financial and risk management. The company's client base includes AEP, BTU, Dominion, Duke Energy, TXU, Reliant, FP&L, Progress Energy, NorthWestern, LCRA, Seminole Electric, GRU, OG&E, San Antonio -- City Public Service, TexasGenco, Xcel Energy, NIPSCO and Mirant. For additional information regarding PCI, visit the company's Web site at www.PowerCosts.com or call 405-447-6933.
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|Date:||Nov 16, 2004|
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