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SoftSmiths announces readiness to support NERC Policy 3 and new WECC business practices

Houston, TX. – November 25, 2003 – Today, SoftSmiths announced readiness of its solutions to comply with the revised NERC Policy 3 requirements that will be implemented by December 19, 2003, as well as its commitment to meet new business practices outlined by the Western Electricity Coordinating Council (WECC). SoftSmiths delivers critical e-Business solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace.

The NERC Policy 3 revision requires the Electronic Tagging system to be the primary tool used to communicate emergency modifications to Interchange Transactions, to make the transaction adjustment process quicker and more efficient. The WECC Business Practices are being designed to make E-Tag the primary method for communicating Interchange Scheduling Information.

SoftSmiths’ solutions provide Electronic Tagging software applications that automate the creation of E-Tags from an Energy Schedule or receive E-Tags to create a Schedule. This streamlines processing of tags and avoids having operators enter deal and schedule data twice, thereby reducing the potential for errors that might affect reliability. SoftSmiths’ Electronic Tagging Portal Suite (ETPS) software is tightly integrated with its e-Merchant and e-Wheel applications, and also supports integration with existing scheduling systems to allow automatic tag creation, schedule verification, and increased operational efficiency.

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. 

The e-Wheel product suite is designed for Transmission Providers, Control Area Operators, and RTO's who face an increasingly diverse customer service base and require cutting-edge technology to accommodate transaction rates in the hundreds of thousands. SoftSmiths' e-Wheel Suite provides just that - a flexible, scalable business technology solution, seamlessly integrating Scheduling, Transmission Services, ATC Management, Interchange Checkout, EMS integration, Accounting and Reporting - giving Transmission Providers the capabilities necessary to  stay on top of the changing business environment.

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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