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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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