|
|
|
CONTACT INFORMATION
LODESTAR
www.lodestarcorp.com
FOR IMMEDIATE RELEASE
LODESTAR Corporation Delivers
New Billing Capabilities to Entergy
Entergy Selects LODESTAR's BillingExpert
to Handle Billing Needs for Customers in Four States
PEABODY, MA., June 21, 2001 - LODESTAR Corporation today
announced that Entergy is using LODESTAR's BillingExpert™ to handle
daily and monthly billing for its larger commercial and industrial
customers in Texas, Louisiana, Mississippi and Arkansas.
BillingExpert enables Entergy to bill its commercial and industrial
customers using complex rates and interval meter data for multiple
jurisdictions. Entergy selected BillingExpert because of its flexibility,
ease of integration and ability to handle any billing challenges
that may arise as a result of new rules in a deregulated market,
according to John Taylor, senior staff analyst at Entergy.
"The flexibility of LODESTAR's BillingExpert gives us a tremendous
advantage in today's energy marketplace," Taylor said. "By
using LODESTAR, our billing is much more efficient. We can trace
individual bills throughout the system and the turnaround is much
faster, which reduces our operating expenses. Overall, LODESTAR
has helped automate and simplify our IT structure and, in the process,
made it more efficient to operate all the billing functions we need."
BillingExpert is a multi-service solution that handles billing
for gas, electricity, water and value-added services. It is the
only billing engine flexible enough to conduct diverse billing scenarios,
such as the unique business requirements for billing residential,
small business, and large commercial and industrial customers concurrently.
"LODESTAR provides the most cost-effective and flexible customer
billing system available today for meeting the demands that new
pricing plans and billing requirements are placing on energy companies,"
said Chris Hamilos, chairman and CEO of LODESTAR. "We continue
to work with companies in the energy industry to increase their
efficiency and production through the use of products like BillingExpert.
As the energy industry evolves and the needs of the marketplace
grow, our technology will be there to handle the IT challenges that
companies like Entergy will face."
About Entergy
Entergy Corporation, headquartered in New Orleans, Louisiana, USA,
is a major global energy company with power production, distribution
operations, and related diversified services. Entergy owns, manages,
or invests in power plants generating more than 30,000 megawatts
of electricity domestically and internationally, and delivers electricity
to over 2.5 million customers in portions of Arkansas, Louisiana,
Mississippi and Texas. It is also a leading provider of wholesale
energy marketing and trading services. Entergy ranks among the largest
U.S. utility companies with 1999 revenues of $8.8 billion and Megawatt-hour
sales of more than 100 million.
About LODESTAR
LODESTAR provides leading e-Business software solutions to enable
customer choice in the new energy economy. With more than 100 clients
in North America, LODESTAR is a well-known and reliable provider
of world-class software solutions. Energy providers use LODESTAR
software for pricing, billing, load profiling and settlement, financial
management and transaction management. The LODESTAR® Customer Choice
Suite™ (CCS™) provides the world's most complete, flexible, scalable
and reliable Web-based software to competitive retail companies,
regulated distribution companies, independent system operators,
and transmission and generation companies. LODESTAR customers include
Shell Energy Services Company, the Electric Reliability Council
of Texas (ERCOT), TXU, Allegheny Power, BC Hydro and Duke Power.
LODESTAR Corporation's headquarters is at Two Corporation Way in
Peabody, MA, 01960 USA. For more information, visit
www.lodestarcorp.com.
Except for the historical information contained herein, this press
release contains forward-looking statements that involve risks and
uncertainties. The success of the agreements and products described
above and the future operating results of LODESTAR Corporation may
differ from the results discussed or forecasted in the forward-looking
statements due to factors that include, but are not limited to,
risks associated with the eBusiness software applications market,
dependence on the Internet, risks associated with new versions and
new products and risks associated with rapid technological change.
LODESTAR, PricingExpert, Customer Choice Suite
(CCS), RateExpert, BillingExpert, LODESTAR Profile and Settlement
System (LPSS), LODESTAR Data Repository, Financial Management Extension,
LodeMap, LODESTAR Rules Language and LODESTAR Transaction Management
Hub (LTMH) are all either registered trademarks, registered service
marks, trademarks, and/or service marks of LODESTAR Corporation
in the United States and/or other countries. All other brands, product
names, company names, logos, trademarks, service marks, and symbols
may be the property of their respective owners.
# # #
|
|