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Chuck Henry Joins Enermetrix as President and Chief Operating Officer; Former President & COO of Chicago Board Options Exchange to Lead Energy E-Commerce Company.

Business/Technology Editors

MAYNARD, Mass.--(BUSINESS WIRE)--June 13, 2000

Enermetrix, the leader in Internet commerce for energy, today announced that Chuck Henry has joined the company as president and chief operating officer. Henry, an established leader in markets and exchanges and current member of the Enermetrix Board of Directors, will be instrumental in growing the Exchange as the dominant transaction platform for competitive energy markets. Co-founder Jeff DeWeese, formerly president and COO, will assume the role of vice chairman.

"We are highly confident that Chuck will leverage our leadership position and momentum to make Enermetrix the platform of choice for energy transactions worldwide," said John Gaus, co-founder, chairman and CEO of Enermetrix. "Chuck is well regarded for his leadership, vision, grasp of technology, and knowledge of markets and exchanges. His experience running both the Chicago Board Options Exchange and Pacific Exchange is invaluable as we continually expand and automate our transaction platform for competitive energy markets."

"I see Enermetrix becoming a core component of the deregulated retail energy market worldwide," said Chuck Henry. "The Exchange has proven itself by delivering measurable improvements in the management of time, money and risk for businesses operating in competitive energy markets. The chance to mold one of the largest deregulating markets in the world at a time when technology is redefining business is the opportunity of a lifetime."

"This is a very positive event for our team, our shareholders and the energy industry," said Jeff DeWeese, co-founder and vice chairman of Enermetrix. "We've executed an exhaustive search for the right executive to run our Company and Chuck represents the ideal mix of a leader that understands our industry on a global scale and a visionary with a proven track record automating one of the world's largest exchanges."

"Enermetrix is fortunate to have a seasoned professional in Chuck Henry at the helm," said William J. Brodsky, chairman and CEO of the Chicago Board Options Exchange. "Throughout his highly successful career, Chuck has always been at the forefront of technological innovation. His leadership in the development of new technologies defined CBOE as a world class financial exchange and his ongoing operational management guided its explosive growth."

Henry brings unmatched executive level experience in markets and exchanges to Enermetrix. Prior to joining the Company, Henry was president and COO of the Chicago Board Options Exchange (CBOE). As president of the CBOE, he oversaw a tenfold growth in volume and revenues, the successful transition to competitive deregulated markets and development of the most advanced technology in the industry. Prior to the CBOE, Henry served as president and CEO of the Pacific Exchange and chairman and CEO of P.C. Service Corporation.

In addition to serving on Enermetrix's Board of Directors, Henry is a member and past director of the Bond Club of Chicago, a member of the Economic Club of Chicago, the Executives Club, the Newcomen Society of North America, and the President's Association of the American Management Association. He is also a member of the board of directors and executive committee of the Cincinnati Stock Exchange and a board member for the North American Electric Reliability Council.

Henry earned a B.S. in business and engineering administration from Massachusetts Institute of Technology and completed the AT&T advanced telecommunication program at Clemson University Graduate School. He also served as an officer in the United States Air Force. Henry has relocated from Chicago to Massachusetts.

About Enermetrix

Enermetrix is a privately held company headquartered in Maynard, Massachusetts, with operations throughout the United States. The Company created and operates the nation's most active Internet exchange for commercial, industrial and other aggregate energy transactions. The Company is the leading provider of Internet commerce solutions to Utilities, Energy Service Companies, Energy Traders and Corporate Energy Buyers. Enermetrix revolutionizes how companies manage their business in deregulating energy markets.

Upside magazine selected Enermetrix as one of the Hot 100 private companies in 2000. InformationWeek named Enermetrix one of the Top 100 E-businesses of 1999. In addition, the Company has twice been awarded the prestigious CIO WebBusiness 50/50 Award.

The Company's investors include InSight Capital Partners; GE Capital, a Company of General Electric (NYSE: GE); DQE Enterprises, Inc., a subsidiary of DQE, Inc. (NYSE: DQE); and Unitil Corporation (AMEX: UTL). For additional information regarding Enermetrix, visit the Company's web site at or call (978) 461-0505.
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Publication:Business Wire
Date:Jun 13, 2000
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