Genscape Lands Cinergy as a Key Subscription Customer
Energy Trading Floor Requires Online, Real-Time Power Information Service
LOUISVILLE, KY (Feb. 26, 2002) -Cincinnati-based Cinergy’s energy merchant business unit (NYSE:
CIN < http://www.pcquote.com/stocks/QuoteDirect.php?ticker=cin > ), has signed a long-term
agreement to use Genscape’s online, real-time power information service in its energy trading
operation. Terms of the contract are confidential. Cinergy Corp. joins 12 of the nation’s largest
energy trading companies currently using Genscape’s real-time data to monitor power plant output
and power flow changes on high-voltage transmission lines in the United States.
“We are pleased that Cinergy has seen the value in our service. In today’s power market real-time
plant and path capacity utilization and availability when coupled with the speed to act is crucial
to successful trading operations,” said David Doctor, CEO of Genscape.
“Making money is about information. Timely information about outages and plant utilization of
neighboring utilities is leveraging to price and vital information. Prior to Genscape this
information was specious at best. Now we have reliable information at the fingertips of Cinergy’s
traders,” said Charles Whitlock, Cinergy’s Vice President for Short-Term Trading.
Cinergy Corp. has a balanced, integrated portfolio consisting of two core businesses: energy
merchant and regulated operations. Its energy merchant business is a Midwest leader in low-cost
generation owning 7,000 megawatts of capacity with a profitable balance of stable existing
customer portfolios, new customer origination, marketing and trading, and industrial-site
cogeneration. The “into Cinergy” power-trading hub is the most liquid trading hub in the nation.
Cinergy was created in 1994 from the combination of The Cincinnati Gas & Electric Company and PSI
Energy, Inc., the largest electric utility in Indiana. Cinergy owns regulated delivery operations
in Ohio, Indiana, and Kentucky.
GENSCAPE TECHNOLOGY
Genscape’s information gathering and distribution system relies primarily on a proprietary,
patent-pending technology to monitor the real-time outputs of the United States’ important power
plants and high-voltage transmission lines. Information reported to customers includes highly
accurate estimates of the real-time electrical output for power plants; power flows over strategic
transmission paths, and associated information.
ABOUT THE COMPANY
Genscape Inc. is the originator of real-time power supply information to support decision-making
for energy traders, power plant and line owners and operators, regulators, and other energy market
participants.
For More Information: Dawn Marie Yankeelov, Genscape Marketing Consultant, (502) 548-1304;
dawny@aspectx.com.
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