MCLEAN, VA.- February 05, 2008 -BearingPoint, Inc. (NYSE:BE), one of the world’s largest management and technology consulting firms, today announced completion of a Customer Information System (CIS) Upgrade project at Florida-based utilities company Jacksonville Electric Authority (JEA), the eighth-largest community-owned electric utility in the United States.

In 2006, JEA decided to move to a billing system that would be virtually free of baseline customizations – the previous system had extensive customizations that hindered long-term maintenance of the product - enhancing functionality while eliminating the expense and maintenance of several auxiliary applications, such as cashiering and loan billing programs.

BearingPoint completed a comprehensive analysis of the utility’s CIS in 2006, and was then chosen to help JEA upgrade to the Oracle® Customer Care and Billing solution from the utility’s existing PeopleSoft-based Revenue Management Platform. The CIS is responsible for billing, customer management, credit and collections, field orders (related to service requests), meter inventory and meter-read data.

“The go-live has gone incredibly well,” said Bruce Dugan, the project leader for the system upgrade. “JEA has not had a major technology project go more smoothly in the past. The updated Customer Care and Billing application continues to perform even better than we had anticipated.”

The JEA electric system currently serves more than 450,000 customers in Jacksonville, Florida and parts of three adjacent counties. JEA's water system serves more than 290,000 water customers and 230,000 sewer customers, or more than 80 percent of all water and sewer utility customers in the Jacksonville, Florida service area. Independent of this engagement, BearingPoint has worked with JEA on numerous other successful projects over the past six years.

“BearingPoint’s proven depth of expertise in the global utilities sector, as well as our world class skill set in delivering innovative consulting services to clients, were integral to a successful go-live at JEA,” said Phillip Daniele, a managing director in the BearingPoint Utilities practice. “A key component to the success of the Upgrade project was the teamwork demonstrated by the numerous parties involved in the project. To deliver a project of this size, with minimal impact on the JEA business community, required careful coordination between the JEA functional and technical teams, the BearingPoint systems integration team, as well as groups from Oracle and JEA’s other vendors.”

BearingPoint provides a wide range of management and technology consulting services to clients around the world including strategy, system implementation, staff augmentation, offshore services, business case development, and process improvement support. In utilities, BearingPoint provides solutions for its clients’ most pressing issues, such as integration of consolidating utilities, upgrading IT applications to supported versions, and maintenance optimization.

About BearingPoint, Inc.
BearingPoint, Inc. (NYSE:BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has more than 17,000 employees focusing on the Public Services, Financial Services and Commercial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to “next-generation” technology. For more information, visit the company's Web site at www.BearingPoint.com.

Some of the statements in this press release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as “will,” “expects,” “believes” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.

# # #