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Renewable Power Scheduled Using SoftSmiths CAISO MRTU Solution

Houston, TX. – March 3, 2009 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that its integrated CAISO MRTU market participant solution - SoftSmiths Power and SoftSmiths Market-CAISO - provides the energy scheduling and accounting software functionality for some of the renewal power resources at Metropolitan Water District and Ridgewood Renewable Power that are scheduled into the California ISO (CAISO) market. The CAISO Market Redesign and Technology Upgrade (MRTU) is going live on April 1, and participants will begin operating under a new set of wholesale market rules and financially binding settlement results.

Ridgewood Renewable Power is an owner and operator of renewable energy and infrastructure projects. Located at Brea, near Los Angeles, the project is fueled by methane gas from the Olinda landfill. The Metropolitan Water District of Southern California is the nation's largest provider of treated drinking water and has a total of 16 hydroelectric generation facilities that are connected to the power grid. SoftSmiths functionality is used to schedule 4 MWD hydroelectric power resources.

The seamlessly integrated SoftSmiths Power and SoftSmiths Market-CAISO solution provides CAISO market participants proven front-to-back energy transaction management functionality, including Load Forecasting, Resource & Portfolio Management, Real-time and Term Trading, Scheduling, NERC Electronic Tagging, Financial Settlement, Invoicing, Payment Tracking and Reporting. SoftSmiths Power/SoftSmiths Market provides multi-participant functionality to support Scheduling Coordinators who act on behalf other CAISO participants.

About SoftSmiths

SoftSmiths, Inc. delivers critical electronic energy trading and operations solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace. SoftSmiths' proven solutions and in-depth knowledge of the industry's business practices allow its customers to automate manual processes, eliminate redundancies, and increase business visibility across the enterprise to allow faster decision making and more informed decisions, thereby improving profitability, operational efficiencies and cash flow. The company has been successfully delivering e-business solutions to energy service companies since 1997.

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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