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SoftSmiths adds e-LMP to its e-Merchant Product

Houston, TX. – August 19, 2003 – Today, SoftSmiths announced the availability of its e-LMP application for its e-Merchant product suite, providing customers an integrated solution to track and monitor Locational Marginal Pricing. Standard market design initiatives mandate Locational Marginal Pricing as a method to manage congestion. SoftSmiths delivers critical e-Business solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace.

e-LMP allows market participants to collect and monitor LMP values published by regional market operators, displays these values in graphical and tabular formats, and provides tools to analyze LMP Data. By retaining historical LMP data in a local repository, e-LMP facilitates trend analysis, and provides a detailed history of changes to LMP values made during the day-ahead, real-time, and settlement phases. 

"SoftSmiths, as a result of its active industry involvement and leading-edge technologies that support proposed standardized power market designs, continues its commitment to help customers prepare for upcoming market changes and provide them the tools required to support their business", said Nathaniel Sheik, CEO at SoftSmiths. "With the introduction of e-LMP we enable market participants to manage LMP data that is crucial in mitigating their financial exposure, and to capitalize on and protect their transactions from the immediate and far reaching impact LMP pricing will have on their day-to-day operations. Inadequate tools in this regard leave market participants vulnerable to inaccuracies in settlement statements, and exponentially raises the time spent researching data in the dispute process.

The e-Merchant product suite allows Load Serving Entities, Generation Production Entities, Purchasing Selling Entities and Municipal Utilities to meet the increasingly demanding and complex requirements of their front office real-time scheduling activities. By delivering the core capabilities to electronically create, process and manage transactions, e-Merchant seamlessly integrates forecasting, trading, portfolio assessment, resource management, scheduling, electronic tagging, risk management, accounting and reporting to eliminate data errors, reduces settlement time and optimize our customers' positions.

About SoftSmiths

SoftSmiths is a leading provider of proven business critical Transaction Management Systems and services for Load Serving Entities, Generation Production Entities, Purchasing Selling Entities, and Transmission Providers who operate in physical markets to sell, purchase, trade, and deliver energy in the most efficient and cost- effective way. SoftSmiths’ seamlessly integrated, scalable, and adaptable solutions provide ready-to-deploy, out-of-the-box functionality that is highly configurable and customizable to meet companies' unique needs. 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.

Contact Information:

Softsmiths Inc.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186

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