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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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