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CONTACT INFORMATION
USPowerSolutions
FOR IMMEDIATE RELEASE
USPowerSolutions Selected by
BP Energy Company to Provide PowerSolution Services to the Pennsylvania
Marketplace
CAMBRIDGE, MA and HOUSTON, TX., May 22, 2001 - USPowerSolutions,
the leading developer of world-class software solutions and services
for regulated and unregulated energy companies, has been selected
by BP Energy Company to provide PowerSolution services to the Pennsylvania
marketplace ultimately expanding to other states with BP Energy
Company's products and services.
PowerSolution, USPowerSolutions' core technology platform, manages
all of an energy company's enterprise data and business rules while
seamlessly integrating with best of breed applications, external
trading partners, and legacy systems through a common interface.
The software automates the communications between ESPs, Distribution
Companies, and Meter Service Providers and can also provide the
foundation for billing, customer care, load forecasting, scheduling
and other value-added applications that span
the Energy Value Chain.
"We are excited to play a major role in the development and
the implementation of BP Energy's electric retail market strategies.
At USPowerSolutions, we make sure that our clients are provided
with timely solutions that help facilitate new business opportunities,
expand geographic reach, and unearth the value of customer data.
In today's energy economy, companies need more than one solution
to conduct business and understand customers. BP Energy needed a
core technology platform that enabled access to the best-of-breed
applications across the Energy Value Chain and they turned to USPowerSolutions
to facilitate their entry into the electric retail marketplace,"
as stated by Alex Kanuth, President of USPowerSolutions.
Mary Shields of BP Energy states, "BP Energy's main focus
is on the wholesale marketplace. As the economic framework is changing,
we recognized that the electric retail marketplace could provide
new opportunities that could complement our existing business model.
We needed a solution that not only enabled market entry but also
could be deployed cost-effectively."
USPowerSolutions
USPowerSolutions is the leading developer of world-class software
solutions and services for regulated and unregulated energy companies.
PowerSolution, our proprietary software platform, simplifies the
management of information, applications, and business relationships
that exist between disparate software applications, legacy IT systems,
and multiple external
business partners. In addition, it also provides energy companies
with a single integrated point of access to best-of-breed providers
(e.g., billing, trading partner/transaction management, load forecasting,
settlement, etc.) that span the Energy Value Chain. Using a unique
application delivery method, USPowerSolutions is able to very rapidly
deploy enterprise information systems that are cost effective, easy
to manage, and highly flexible. USPowerSolutions' customers include
some of the most innovative energy companies in North America. Headquartered
in Cambridge, MA, USPowerSolutions.
BP Energy Company
BP Energy Company (www.bp.com/gasandpower/northamerica),
a subsidiary of BP p.l.c., is a leading marketer of natural gas
and energy products in North America. BP is licensed to sell Green
Mountain Energy (SM) electricity to commercial and industrial facilities
in North America.
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