APB Energy launches power options on True Quote trading site

LOUISVILLE, Ky., Aug. 8, 2002 — APB Energy, an OTC electricity broker in North America, has added power option quotes and data to its online trading platform – True Quote.

APB offers full coverage of North American electricity markets on True Quote with the launch of power options. The platform will offer real-time market quotes and execution opportunities for daily and monthly physical and financial calls, puts, straddles, strangles and spreads for most delivery hubs traded in North America.

Prices for North American natural gas, coal, weather derivatives and European electricity are also available on True Quote. The platform provides a number of efficiencies for the OTC marketplace including real-time confirmations and automated deal capture links via its open API.

EPRM recently ranked APB Energy as the Number One North American Electricity Broker in their energy derivatives rankings for 2002 in each of its six categories. (For complete rankings, visit energy derivatives rankings for 2002)

“With the launch of the power options markets on True Quote, APB continues to strive to meet the needs of our customers with the most efficient and effective means of price discovery in the OTC market. APB’s marriage of highly professional and insightful brokers with the advanced technology of True Quote, guarantees our customers the most comprehensive view of the market,” noted Dennis Crum, APB CEO.

“Providing this intensity of options data as a complement to our forward market information should be a valuable tool for all levels of our customers’ businesses. We look forward to continuing our enhancement of True Quote and other value-added market services. It is our hope these advancements will help our customers during these volatile times in the industry,” said Tom Hahn – Senior Vice President of APB in Chapel Hill.

About APB Financial

APB Financial LLC, including its wholly owned subsidiary APB Energy Europe AS, offers full service over-the-counter commodity brokerage with information and technology to bring buyers and sellers together.

The company’s product offerings include electricity, natural gas, coal and other energy related products. Through it’s online platform, True Quote, APB offers customers real-time price discovery and execution. APB is headquartered in Louisville, Kentucky with offices in Houston, Texas; Chapel Hill, North Carolina; Bergen, Norway and Amsterdam. More information is available at www.apbenergy.com, www.truequote.com or by calling Chris Edmonds at +1 502 212-4903.

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