Exchange Notes

Dynegy Goes Live with OpenLink’s Endur

New York-based OpenLink, a provider of energy trading and risk management software solutions, just announced that Endur 5.0 has gone live at Houston-based Dynegy, Inc. after comprehensive on-site beta testing. Endur is Dynegy’s core system for trading, risk analytics and risk management on both the financial and physical side. Dynegy has used OpenLink to trade and manage natural gas risk since 1996, steadily expanding implementation of the system to handle other commodities. Currently, Endur supports approximately 500 Dynegy users who trade and manage risk for natural gas, coal, power, weather derivatives, emissions, foreign currency, crude and natural gas liquids.

“The ICE” sets some chilling trade volumes

Atlanta-based IntercontinentalExchange, a B2B marketplace for over-the-counter (OTC) precious metals and energy products, announced that in the first week since its energy complex went live, “The ICE” has traded over 40 million barrels of crude and refined oil derivatives, 240 million mmBTUs of natural gas and natural gas derivatives, and 6 million megawatt-hours of power (as of close of trading October 25). With over 25 companies trading actively, the total notional value for all OTC products traded to date on “The ICE” exceeds $6 billion. IntercontinentalExchange was founded in March of this year and its partners include American Electric Power, Aquila Energy (a unit of UtiliCorp United), BP, Deutsche Bank AG, Duke Energy, El Paso Energy, Goldman Sachs, Morgan Stanley Dean Witter, Reliant Energy, Royal Dutch/Shell Group, SG Investment Banking, Southern Energy Inc., Totalfina Elf and Continental Power Exchange (which is providing the trading technology and management team).

Silicon Energy Acquires EPS Solutions, files for IPO

Alameda, Calif.-based Silicon Energy, a provider of Internet-based energy technology software, acquired EPS Solutions, Inc., an energy rate software and information company headquartered in Excelsior, Minnesota. Through its rate engine and services software, EPS Solutions provided energy rate information and analysis capabilities to Silicon Energy’s EEM Suite Cost Analyst module. EPS Solutions has begun using the Silicon Energy name, and its base of operations for its rate services and rate software will continue to be located in Minnesota. In other news, Silicon Energy Corp. filed a registration statement with the Securities and Exchange Commission in connection with a proposed initial public offering of common stock. All shares of common stock will be offered by Silicon Energy Corp. expenditures. The shares are expected to be offered to the public through an underwriting group managed by Goldman, Sachs & Co.

APX is

Santa Clara, Calif.-based Automated Power Exchange (APX), a provider of e-commerce services for the electric power industry, announced that it has closed its third financing round with $36.1 million from venture capital and corporate investors, including seven energy industry and trading corporations which have made first-time investments in this round. They are: Tokyo Electric Power Company International B.V., Amsterdam, The Netherlands; Hydro-Quebec CapiTech Inc., Montreal, Quebec, Canada; ITOCHU International Inc., New York, N.Y.; Nissho Iwai American Corp., New York; Nissho Iwai Corp., Tokyo, Japan; Sumitomo Corp., Tokyo; and Sumitomo Corp. of America, New York. The funding will be used to expand the company’s exchange and transmission grid market services in North America, Asia, and Europe. APX exchange markets for physical and financial trading now serve 13 U.S. states, and the company is preparing to open exchanges in New York, Texas and the United Kingdom. In Japan, APX and ITOCHU Corp. have agreed to jointly develop (with other partners) that country’s first Internet-based electric exchange.

Enermetrix introduces products for access, pricing and offers

Maynard, Mass.-based Enermetrix introduced two new products: Dashboard and Dynamic Offer. Dashboard allows energy buyers utilizing the Enermetrix Network to offer its end-use consumers access to the network via a customized portal. Dynamic Offer is a management tool that assists in the execution of a customized retail natural gas pricing strategy for an energy marketer’s customer portfolio.

Reliant’s retail group gets on-the-spot pricing proposals for sales force

Peabody, Mass.-based LODESTAR Corporation, a provider of e-business software to enable customer choice, and Siebel Systems, Inc. (Nasdaq:SEBL), a supplier of e-business customer relationship management software, teamed up to provide Reliant Energy Retail Group on-the-spot pricing analysis and proposals for the energy retailer’s sales staff. The solution will allow the sales force of energy retailers to respond in real time to prospective customers, providing a sales and marketing advantage over competitors in the new, high-stakes environment created by deregulation in the United States. The group will gain the ability to price its commodity programs within minutes, enabling pricing analysts to create pricing quotes to customers with one or many sites.

Now in the U.S: Epikos Technology

Calgary-based Epikos Technology, Inc., a provider of industry-focused information technology consulting services to the energy and supply chain management market sectors, opened its door in a Houston office recently. Epikos Technology, consisting of talent from TransEnergy’s research and development team, currently employs over 30 professionals in its Calgary and Houston operations.

e-Acumen stays on top of weather forecasting, power pricing

San Francisco-based e-Acumen just introduced BestWeather, a Web-based service that rates the skill of numerous weather forecasts and allows users to purchase the forecasts they have the most confidence in. In the current initial stage, a forecast user can buy a forecast product for specified locations over a specified period of time at a price set by the forecast producer. In other news, e-Acumen released a major upgrade to its AcuPower, a Web-based power forecasting solution that assists in power price modeling.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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