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News 2003

 

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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.

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