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CONTACT INFORMATION
Excelergy
www.excelergy.com
FOR IMMEDIATE RELEASE
Excelergy to Take Socalgas’ energymarketplace.com
Nationwide
Nation’s First Internet Based Shopping
Center for Energy Will Expand Beyond the California Market
CAMBRIDGE, MA. September 13, 1999 - Excelergy,
a leader in application and transaction services for the energy
market, today announced an agreement with Southern California Gas
Co. (SoCalGas) to launch the West Coast e-commerce trailblazer,
Energy Marketplace, nationwide. Energymarketplace.com provides consumers
with energy choice information and allows energy service providers
to bid for new energy customers over the Internet. Excelergy has
now assumed development, marketing and sales responsibilities for
Energy Marketplace.
“Excelergy is committed to making energy choice simpler and more
cost-efficient for both consumers and energy service providers nationwide,”
said Cary Bullock, president of Excelergy. “This agreement is a
giant step in that direction. Energy Marketplace provides real-time,
interactive consumer and supplier price information and at the same
time allows energy service providers to Acquire new customers at
low cost, and customers benefit via one-stop-shopping for energy
among dozens of suppliers. Energy Marketplace functions as a market-maker,
matching energy buyers and sellers in an auction fashion.”
As the foremost provider of energy choice for consumers in California
with 16 providers participating, Energy Marketplace, established
in November 1997 by SoCalGas, also provides business-to-business
e-commerce services to top utility companies throughout the United
States. Excelergy will continue to expand the site to include other
utilities wanting to promote customer choice and energy service
companies looking for a cost-effective means of communication. Several
of the SoCalGas employees involved in Energy Marketplace have joined
the Excelergy staff.
“We are very proud of our pioneering effort to develop and launch
Energy Marketplace for California’s consumers,” said Lee Stewart,
president of Energy Transportation Services at SoCalGas. “With deregulation
of the energy industry spreading to the rest of the nation, the
opportunity to expand Energy Marketplace is tremendous and we believe
Excelergy is ideally suited to take advantage of that opportunity.”
Stewart said SoCalGas will continue to be a sponsor of the e-commerce
site, promoting it among its customers.
Energy Marketplace is the leader in the energy transaction marketplace
with its unique ability to Offer residential customers utility choices
and allow energy service providers a secure direct route by which
to receive and respond to requests for proposals (RFP) from commercial
and industrial customers.
Excelergy offers its customers the ability to accurately manage
transactions at significantly reduced processing costs by integrating
electronic business processes into its billing and customer information
system. It also provides utilities with an electronic information-processing
engine for the management of their trading partner relationships.
With the addition of Energy Marketplace, Excelergy’s products and
services now help energy users as well as energy companies reduce
transaction costs both before the sale as well as after.
Southern California Gas Co. (SoCalGas) is the nation's largest
natural gas distribution utility, serving 18 million consumers through
4.9 million meters. SoCalGas is a subsidiary of Sempra Energy (NYSE:
SRE), a Fortune 500 energy services holding company based in San
Diego, with 12,000 employees, revenues of $5.5 billion and more
than 8.5 million customers in the United States, Europe, Canada,
Mexico and South America.
Understanding the new business paradigm of the deregulated energy
industry — a market estimated to be $300 billion— Excelergy developed
their software solutions to be flexible, scalable and web-based
to lower transaction costs and improve customer service. As a result,
Excelergy has grown rapidly to become one of the leaders in billing,
customer care and transaction management solutions for the retail
energy market.
The following are customers of Excelergy’s products and services:
Allegheny Energy, First Energy Services, Penn Power, Southern California
Gas Co, PG&E, SDG&E, APS Energy Services, Aquila Energy
Marketing Corp, Cleen ‘n’ Green Energy, Commonwealth Energy Corp.,
Cook Inlet Energy Supply, Duke Energy Trading and Marketing, L.L.C.,
Engage, Illinova Energy Partners, POCO, Preferred Energy Retail,
SCANA Energy Marketing, TXU Energy Services, Utilicorp Energy Solutions
and Constellation Energy.
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