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Texas Power Selects SoftSmiths TMS for ERCOT Nodal Operations

Houston, TX. – November 3, 2010 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that announced that Texas Power, a retail electric provider (REP) serving all deregulated electricity areas in Texas, selected a full suite of SoftSmiths Ts application to manage load forecasting, trading, scheduling and settlement in the ERCOT Nodal markets.

Headquartered in Arlington, Texas, Texas Power services residential electricity customers, as well as small, medium and large commercial accounts. Facing increased commercial activity and higher data volumes, SoftSmiths’ integrated solution will give Texas Power the visibility and control to operate efficiently in the new Nodal market. Additionally, SoftSmiths’ Software-as-a-Service delivery model helps Texas Power to simplify implementation with faster time-to-value, thus enabling its IT staff to focus priorities elsewhere at the company prepares for the Nodal market.

SoftSmiths ERCOT Forecaster provides a proven load-profile based forecast solution with rich selection capability to compare forecast, backcast and settlement data. SoftSmiths’ Trade and Position management module allows capturing power supply trades and, through seamless integration with SoftSmiths Market-ERCOT Scheduling module, automatically structure them in the form needed to submit to ERCOT. SoftSmiths Market-ERCOT Settlement provides the functionality to identify discrepancies in ERCOT’s charges through shadow settlement, verification and reconciliation, as well as dispute management.

"ERCOT Market Participants are increasingly turning to SoftSmiths for our compelling and easy-to-use suite of application services delivered through our Software-as-a-Service model”, said Hugo Stappers, Director of Sales and Marketing at SoftSmiths, Inc. “Texas Power's selection of SoftSmiths ERCOT suite is another illustration of participants turning to SoftSmiths to outsource these critical non-proprietary business processes.”

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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