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NORMAN, Okla., July 18, 2003 -- Power Costs, Inc. (PCI), a provider of power generation asset optimization software solutions, has licensed PCI GenTrader™ to Bryan Texas Utilities (BTU). BTU is using PCI GenTrader™ to optimize their generation assets against load serving obligations and market opportunities.
"In searching for a model, PCI was the only provider that could provide us with the analytical capabilities to handle all the ancillary service market components in Texas," said Tom Hancock, BTU's Division Manager - Power Marketing. "We feel that with PCI GenTrader™ we can save money by optimally using our assets considering all the opportunities to buy or sell both energy and ancillary services to the market. In addition to near term decision support, the flexibility of PCI GenTrader™ also allows us to better forecast our operational and financial metrics into the future for long range planning studies."
BTU plans to apply PCI GenTrader™ for next day and current day trading as well as to forecast financial performance. BTU intends to establish consistency in its approach to trading and asset management by using PCI GenTrader™ as a common system for these functions and post analysis functions like avoided cost calculations.
"We are very pleased to add BTU to our growing list of customers" said Jason Kram, PCI Vice President. "The ability to work with our customers to demonstrate our software capabilities and associated benefits is a rewarding experience. By providing our customers a system that can handle the most difficult optimization problems like co-optimization of energy and ancillary services, we allow them to determine how to best utilize their assets, the market, and contractual obligations to save money and to generate the most from their assets."
About Bryan Texas Utilities
Since 1919 when Bryan Power Company was created to serve the City of Bryan's utility needs, Bryan Texas Utilities, now known as BTU, has generated and transmitted reliable and affordable energy to the community. BTU is a consumer owned electric utility serving 45,000 customers in Brazos, Burleson and Robertson counties in central Texas. Currently, BTU generates electricity at its Dansby power plant, located north of Bryan and the Atkins plant near downtown Bryan. BTU is also a partner with the cities of Denton, Garland and Greenville, Texas in the Texas Municipal Power Agency, which owns the Gibbons Creek generating station in Carlos, Texas. BTU prides itself on superior customer service and has created new and innovative divisions and products to better serve its clients. BTU is accessible on the web at www.BTUtilities.com .
About Power Costs, Inc.
Power Costs, Inc. is a privately held company headquartered in Norman, Oklahoma, with clients throughout the United States. PCI has grown steadily since its incorporation in 1992. Its mission is to provide software and consulting services to help asset owners, traders and investors optimize asset value. PCI's flagship product, GenTrader™, is complemented with the enterprise scalability of PCI Enterprise Platform and PCI Bid Manager. The company's client base includes AEP, BTU, Duke Energy, TXU, Reliant Resources, FP&L, NorthWestern, LCRA, Seminole Electric, Sempra Energy Resources, GRU, San Antonio - City Public Service, Texas Genco, Xcel, and Mirant. For additional information regarding PCI, visit the company's web site at www.PowerCosts.com or call 405.447.6933.
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