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Highland Energy Selects Triple Point for Power and Gas Trading, Risk Management and Power Scheduling

Posted on: Tuesday, 7 August 2007, 00:19 CDT

Triple Point Technology, the leading global supplier of cross-industry software platforms for the supply, trading, marketing and movement of commodities, announced today that Butte, Montana-based Highland Energy LLC has chosen Triple Point Commodity XLTM for Power and Gas to handle its energy commodity trading and risk management, as well as Triple Point Power Scheduling 'Visual Cockpit'™ to manage its physical power scheduling and logistics.

"Highland Energy made this selection based on Triple Point's in-depth knowledge of the complex, volatile physical and financial power and gas markets, as well as our proven ability to deploy world-class trading, scheduling and risk management systems on time and on budget," said Michael Schwartz, chief marketing officer, Triple Point Technology. "Highland went from contract signing to full production in three months. Since introducing the Quick Start program, several clients have achieved full production in less than four months including Lehman Brothers, Bear Stearns and Macquarie Bank."

"Highland Energy required a sophisticated, real-time, next-generation software system that manages and executes accurate, high-volume trades and schedules, and Triple Point delivered that," said Bryan Bradshaw, president of Highland Energy LLC. "In addition, Triple Point's Quick Start program enabled us to get up and running in the aggressive time frame that we required."

Triple Point Commodity XL for Power™ 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.

Triple Point Commodity XL for Gas™ 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.

About Highland Energy LLC

Highland Energy LLC is a growing energy trading and marketing company based in Butte, Montana, USA. The company is engaged in wholesale electric power and natural gas trading, focused primarily in western US markets. Its group of energy industry professionals brings together a robust trading, structuring, risk management and contracts background to provide advisory and energy-related services to its clients. More information is available at www.highlandenergy.com.

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.

Source: Business Wire

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