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Teldata, Inc

CHICAGO, IL., August 31, 1998 - Teldata, Inc., a utility information technology company specializing in strategic metering systems and revenue cycle services for electric, gas and water utilities and commercial end-users, announced today that it has acquired FirstPoint Utility Solutions, Inc. ("FirstPoint") from Enron Oregon Services, Inc., a wholly owned subsidiary of Enron Corp.

FirstPoint, established by Portland General Electric (PGE) prior to Enron's acquisition of PGE, offers a full range of revenue cycle services, including meter installation, meter data collection and management, systems integration, and complex billing services to wholesale customers such as utilities and other energy service providers. Enron will continue to offer metering, billing and information services to retail customers through Enron Energy Services. FirstPoint is certified in California as a Meter Data Management Agent ("MDMA") and a Meter Service Provider ("MSP").

"The acquisition of FirstPoint will enable Teldata to Offer a broader spectrum of products and services, and to more aggressively enter emerging energy markets," said Donna Salvatore, President and Chief Executive Officer of Teldata. "FirstPoint has established a head start in the new era of deregulation as one of the few companies certified to provide MSP and MDMA services in California. These capabilities greatly enhance our combined opportunities, not only in California, but in other areas of the country as well."

 "We are very pleased with the FirstPoint team and their capabilities," Ms. Salvatore said. "The FirstPoint acquisition brings with it an experienced management team, strong individual backgrounds in the electric utility industry, open market experience and proven technologies," she added. "This acquisition will substantially increase the size of Teldata and greatly enhance our position as a leading national provider of end-to-end metering and billing solutions."

Bruce Carpenter, President of First Point, said the joining of the two companies gives FirstPoint a significant boost. "We're enthusiastic about the expanded market opportunities that Teldata brings us, particularly in providing sales channels and stronger access to East Coast and Midwestern markets. Together, we are solidly positioned to serve the developing market for competitive metering and billing services."

Carpenter noted that FirstPoint's certification as an MDMA, MSP and its experience as a third-party billing agent are valuable additions to Teldata's portfolio. "Meter data management and flexible billing systems play a crucial role in the deregulating electricity markets," Carpenter said. "They are the vital link between the customer, energy provider and utility distribution company. MDMAs and billing systems are essential processes to Support accurate commercial transactions in the new retail energy marketplace.

About Teldata
Teldata, Inc. is an information technology company specializing in "end-to-end" revenue cycle solutions to fulfill the expanding information needs of utilities and their customers. Teldata's suite of products and services includes strategic metering systems, automatic meter reading (AMR), customer-secure Internet access to consumption data, and our Oracle based customer management and billing system. Teldata has 20 years experience in the AMR industry and holds 13 AMR-related patents. In addition to its headquarters in Chicago, Teldata has engineering and manufacturing offices in Los Angeles and sales offices in seven U.S. locations with a technical support office in New Zealand.

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