Tennessee Valley Authority Licenses Triple Point Commodity Trading Software

Nov. 30, 2007 - PRLog -- Contact: Brooke Smith
   Tel: +1.203.291.7979
   Email: brookes@tpt.com

Tennessee Valley Authority Licenses Triple Point Commodity Trading Software
Nation’s largest public power company chooses Triple Point’s power and gas trading and risk management software

WESTPORT, Connecticut, USA – Triple Point Technology, the leading global supplier of cross-industry commodity trading, risk management and logistic software platforms, announced today that Tennessee Valley Authority (TVA) has chosen to implement Triple Point’s Commodity XL™ for Power and Gas as its trading and risk management software system.

TVA is a federal corporation and the nation’s largest public power company. With revenues of over $9 billion a year, TVA provides power-service to 80,000 square miles in the southeastern United States, including most of Tennessee and parts of Mississippi, Kentucky, Alabama, Georgia, North Carolina, and Virginia.  

“TVA needed a solution that enabled them to accurately measure and manage risk exposure by integrating information from disparate sources within a single, multi-commodity platform.  Commodity XL’s real-time, comprehensive reporting capabilities and ability to create reports on the fly without the need to involve IT resources, was a huge selling point,” commented Greg Taylor, vice president, global sales, Triple Point.  “In addition, TVA had a very tight timeline to implement the project; Triple Point’s Quick Start™ program was key because it meant TVA would be up and running on Commodity XL in as few as 6 weeks,” added Taylor.

“Today’s utility companies require robust technology solutions that integrate information across multiple commodities, locations and business areas.  With strict corporate and regulatory requirements to meet, Commodity XL’s detailed audit trails, complete risk management support, and flexible yet comprehensive reporting, give utilities the advanced compliance functionality they need," said Michael Schwartz, chief marketing officer, Triple Point. "Commodity XL is an integrated solution that streamlines business operations, eliminates errors associated with manual processes and creates a framework for better trading and risk management,” added Schwartz.

Triple Point Commodity XL for GasTM handles all the complexities of physical and financial trading, risk management and scheduling on a single platform for participants in global natural gas markets, including trading and marketing firms, pipelines, producers, large consumers, wholesalers and local distribution companies. It supports all physical and financial gas trading activity including swaps, options, futures, physical forwards, structured deals and full requirement supply contracts. The system automates the confirmation and nomination processes, the scheduling and physical movement of natural gas to fulfill supply and distribution obligations, the settlement of physical and financial transactions, and the forecast and management of cash.

Triple Point Commodity XL for PowerTM allows generators, traders, marketers, utilities and other participants in global physical and derivative power markets to gain unprecedented control over their global trading operations. It enables straight-through processing from pricing and trade execution to physical transmission scheduling, generation dispatch and financial settlement. The system's risk management and modeling functions also enable clients to monitor, measure and control all aspects of power market risk (price, load, volumetric, outage rates, credit, delivery, etc.) in a real-time environment, thereby maximizing returns from generation and load portfolios.

About Triple Point Technology, Inc.
Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities including power, oil, gas, coal, metals, agricultural products, renewables and freight. Triple Point Commodity XL profitably integrates physical and financial markets from the front-to-back office for all commodities on a real-time, next-generation platform. Triple Point's award-winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993 and headquartered in Westport, Connecticut, USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com.



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