Power Engineering - FAME extends data coverage for the North American gas and power markets

New York City and London, Oct. 9, 2003 -- FAME Information Services Inc., a provider of historical and reference data management solutions for the energy, financial and public sector markets, has announced the release of ICE North American Gas and Power Indices via its EnergyScope and EnergyServer software solutions.

This addition enhances FAME's comprehensive offering for the North American gas and power markets, which includes assessments, ISO data, broker transactions and weather data.

"We are pleased to announce the availability of ICE 's North American gas and power indices via FAME," said Martin Wadhwani, Managing Director of the 10x Group. The 10x Group is the market data subsidiary of IntercontinentalExchange, Inc (ICE). "The reliance upon ICE indices is expanding rapidly in the marketplace and this agreement increases the accessibility of ICE indices via FAME's leading data distribution network."

ICE indices comprise the daily high, low, index price and volume for 40 gas hubs and 13 power hubs. These indices represent the volume-weighted, average price of confirmed trades executed on the ICE platform.

Each morning over 250 producers, generators, marketers, and utilities log onto the ICE platform to transact an estimated 60-70% of all bilateral, day-ahead power and gas volumes at over 100 delivery locations.

Indices are derived directly from transactions on ICE, eliminating the need for manual reporting of trade data by market participants. As a result, data submission errors, confidentiality and liability concerns, double-counting of trade volumes, reporting and compliance costs are all mitigated using exchange driven indices.

"Increasingly, there is a need for transparency in the North American power and gas markets. The addition of ICE North American gas and power indices to FAME's already extensive energy data offering fulfils this need and provides tremendous breadth and depth of coverage" said Emma Garvey, FAME's Energy Data Product Manager. "In addition the ICE indices will provide our clients with a valuable price hedging instrument. "

IntercontinentalExchange operates global OTC marketplaces for the trading of commodities on its Internet-based ICE trading platform. Its subsidiary, the International Petroleum Exchange of London (IPE) is Europe's leading energy futures and options exchange, providing regulated open-outcry and electronic marketplaces where participants use futures and options to manage their price risk exposure in the physical energy markets.

The ICE platform is accessed daily by thousands of traders and trading operations professionals to trade hundreds of commodity and derivative contracts including crude oil and refined products, natural gas, power, precious metals and emissions. In addition to its electronic trading platform, the company's innovations support the broader trading and risk management infrastructure, including OTC cleared products and credit management tools, the eConfirm trade confirmations hub, and enhanced market data through The 10x Group. ICE is based in Atlanta, with offices in Chicago, Houston, London, New York and Singapore. For more information, please see www.theice.com and www.theipe.com.

The 10x Group was established to address the commodity industry's need for verifiable, transparent and timely market data. The 10x Group publishes the 10x Report, a daily market newsletter with market indices, verifiable trading data, and market intelligence. The company is the exclusive provider of real-time, view-only screens for the IntercontinentalExchange via the Internet and wireless devices. The 10x Group is a subsidiary of IntercontinentalExchange. More information is available at www.10xGroup.com.

FAME Information Services Inc. (www.fame.com) is a provider of data management technology software and consulting solutions to the world's financial, public sector and energy markets. The readers of Waters magazine recently voted FAME the Best Data Management Vendor.

FAME is headquartered in New York City, with its European offices located in London. FAME's clients include top tier institutions in the areas of investment banking, asset management, public sector banks and energy trading firms in over 40 countries.

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