SERVICE SECTOR / TransEnergy Management licenses to Cinergy Resources
HOUSTON, TX, Feb. 17 /CNW/ - TransEnergy Management, Inc. announced that
it has licensed its sophisticated Energy Marketing System (EMS) and Risk
Management System (RMS) to Cinergy Resources, providing the retail gas
marketing company with an integrated package for streamlining its operations.
The two products will enable Cinergy Resources to enhance the current systems
being utilized to coordinate physical and financial deals, and upgrade back
office capabilities such as billing and risk management.
''In the retail gas marketing environment, efficient back office
operations are critical to maintaining profitability,'' said Joe Falci, a
transportation manager for Cinergy Resources. ''As our customers demand an
ever-increasing number of billing options, such as summary billing and
guaranteed savings, it becomes even more important to develop your back office
processes.''
Gary Vasey, TransEnergy Management's Vice President, Marketing, adds,
''More and more energy companies like Cinergy Resources are discovering that
they can find the functionality they need for today's fast-paced marketplace
in TransEnergy products like EMS and RMS. When these technologically superior
components are available in an integrated system, you have an unbeatable
combination.''
TransEnergy's Energy Marketing System (EMS) is designed to assist
companies in managing the purchase, transportation, storage and sale of
natural gas and electricity. The Risk Management System (RMS) helps manage
market risk associated with energy and derivative trading operations.
Based in Cincinnati, Ohio, Cinergy Resources, Inc. is a natural gas
marketing company serving residential, commercial and industrial customers in
the Midwest. It is a non-regulated affiliate of Cinergy Corp., one of the
nation's largest diversified energy companies.
Since 1988, TransFnergy Management Inc. has set the industry standard for
energy marketing software and related services with the TransEnergy Manager
(TEM). TEM incorporates performance, usability and integration in a software
suite providing marketing, transportation and risk management of energy,
including electricity, natural gas and other energy commodities. TransEnergy
maintains offices in Houston, Calgary and Vancouver. |
