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Kanawha River Terminals Select Allegro Energy Trading and Risk Management Solutions for New Coal Transloading and Blending Operation

Posted on: Friday, 30 May 2008, 15:00 CDT

Allegro (www.allegrodev.com), a leading provider of energy trading and risk management ("ETRM") solutions, today announced that Kanawha River Terminals LLC has chosen Allegro solutions to enhance the transparency, optimization and accounting of their coal terminals including storage, trading and delivery of coal. Kanawha River Terminals will use Allegro solutions to manage several critical business processes, including contracts, inventory, logistics, settlement and general ledger functions for multiple terminal sites.

"Kanawha quickly realized that Allegro's software solutions would best address the accounting and physical tracking needs surrounding our energy assets. We are confident that the benefits of their enterprise wide solution, coupled with an unmatched ability to deliver in a timely and cost-effective manner will help Kanawha reach our business goals," said Bill Traywick, CFO for Kanawha River Terminals. "We anticipate real growth in the coming years, and know that Allegro's easily scalable solution will expand as we grow."

Kanawha River Terminals was purchased in 2008 by an investor group consisting of Traxys North America LLC, Pegasus Capital Advisors, L.P., Kelso & Company, Resource Capital Funds, and Edgewood Holdings LLC. Since the acquisition, KRT has successfully turned its focus from synfuel to promoting its unique blending capabilities, while expanding its already considerable throughput capacity.

The implementation of Allegro's energy trading software solutions will improve Kanawha River Terminal LLC's ability to effectively manage their coal terminals, energy assets, and physical and financial positions. As demonstrated by their choice of Allegro solutions for their energy trading and transaction needs, Kanawha River Terminals LLC continues to focus on maximizing their business potential and meeting the evolving needs of its customers.

"Allegro's single platform provides Kanawha River Terminals straight through processing with a single point of data entry, excellent drill down capability, and internal controls and audit trails that will enhance the overall flexibility of KRT's daily operations," said Allegro SVP of Global Sales and Alliances, Kyle Bowker. "We are extremely pleased that we are able to meet Kanawha's business software needs and anticipate a lasting relationship between these two growing companies."

About Kanawha River Terminals LLC

Kanawha River Terminals LLC consists of five state-of-the-art facilities, including the award-winning Ceredo Dock. Extraordinarily convenient, KRT has a presence on the Big Sandy River, the Ohio River and the Kanawha River, with a sixth facility on Highway 1185 near Louisa, KY that, like the others, offers coal receipts and substantial ground storage. Well-equipped to blend and transload over 37 million tons of coal annually, KRT gives you unique access to both the CSX and Norfolk Southern railroads for unsurpassed flexibility in delivering coal by trucks, railcars and barges. A seventh facility, a liquids terminal located on the Ohio River, is currently in service transloading asphalt. A leading terminal service provider, KRT is backed by decades of experience to capably provide customers with superior service at the lowest possible price. We can blend to specific requirements, and deliver coal to all ports on the U.S. Gulf Coast, the East Coast and the Great Lakes for export. When it comes to our unparalleled ability to meet the needs of steam and met coal consumers, no company shines brighter than KRT.

About Allegro

Allegro is a leading provider of energy trading and risk management ("ETRM") software solutions. Allegro provides transparency and efficiencies across the front, middle, and back offices, by leveraging advanced technologies like Service-Oriented Architecture ("SOA"), grid computing, .NET, and Web Services. With more than 23 years of steady growth and deep industry knowledge, Allegro is here to stay. Our ETRM software solutions support some of the largest energy and trading companies worldwide, encompassing all energy commodities. Allegro equips customers with the right tools to solve daily challenges. Allegro is headquartered in Dallas, Texas, and serves customers worldwide with offices in Calgary, Houston, London, Singapore and Zurich. To learn how Allegro can deliver you a measurable return on investment, visit: www.allegrodev.com.

Source: Business Wire

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