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SoftSmiths TMS Ready for CAISO FERC Order 764 Changes

Houston, TX. – January 28, 2014 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that its SoftSmiths TMS transaction management platform is ready to accommodate changes the California Independent System Operator (CAISO) is making in response to FERC Order 764.

The changes, targeted for production implementation on May 1, 2014 as part of the Spring Release 2014, introduces a new 15-minute scheduling option in the real-time market to comply with FERC Order No. 764, which requires us to offer intra-hourly transmission scheduling. It further establishes financially binding 15-minute schedule settlements, which will reduce barriers to integration of variable energy resources and address other identified market inefficiencies.

SoftSmiths TMS offers market participants the functional and technical capabilities to manage the new requirements and complexities of FERC 764.

SoftSmiths’ seamlessly integrated TMS platform helps both asset-centric companies that focus on physical transactions as well as load-serving entities without resources to automate their processes with regards to forecasting, resource management and planning, position management and trading, scheduling, ISO/RTO communications, and accounting.

"SoftSmiths TMS offers CAISO market participants a highly flexible platform that easily accommodates to regulatory and industry changes", said Larry Stone Director of Development at SoftSmiths. "In addition, with The SoftSmiths Cloud, we offer a robust and cost-effective cloud-based environment to simplify implementation, and time-to-market."

About SoftSmiths

SoftSmiths, Inc. is a leader in enterprise-class, Software-as-a-Service (SaaS) solutions for energy businesses, combining a lower cost of ownership with an innovative approach to business applications. SoftSmiths applications process more than 75 billion kilowatt hours per year for its clients in North America. SoftSmiths delivers energy trading, operations, and settlement solutions designed for today's energy marketing and load serving organizations and the way they conduct their business. Delivered in the cloud leveraging a modern technology platform, SoftSmiths offers a fresh alternative to legacy ETRM systems. Visit us at http://www.softsmiths.com.

SoftSmiths is a registered trademark of SoftSmiths, Inc. All other products are trademarks or registered trademarks of their respective companies.

Contact Information:

SoftSmiths Inc.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186
Email:      mkt@softsmiths.com
Website:  www.softsmiths.com

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