HOUSTON, Oct. 9, 2002 — EC Power, an independent electronic Transaction Service Provider (TSP) for the State of Texas’ deregulated power market, announced its selection by Just Energy, a new entrant into the deregulated electric power market in Texas.
Just Energy, headquartered in Houston, Texas, selected EC Power to manage and process its electronic transactions with the Electric Reliability Council of Texas, known as ERCOT, and goes into production today, October 9, 2002, after being certified by EC Power in the current Texas market flight. Just Energy focuses on the small and medium sized business sector in Texas.
“EC Power is pleased to welcome Just Energy as a new competitive retailer into the Texas market,” says J. R. Hunter, Chief Operating Officer, EC Power. “EC Power serves a large subset of the competitive retailers in the Texas market, both large and small alike. We have extensive knowledge and experience in this marketplace, as well as in 14 other retail power markets in the United States. We enjoy an outstanding reputation for our capabilities with the participants of the Texas marketplace,” adds Hunter.
“Seamless transaction processing is critical to our business. Our customers rely on us to do what we say we’re going to do — that means switching and billing them on time. Having EC Power manage our electronic transactions in ERCOT helps us ensure we will deliver on our commitments to our customers,” says Scott Gahn, Chief Executive Officer of Just Energy.
Since the opening of the Texas retail power market on January 1, 2002, EC Power has processed monthly transactions for over 1 million Texas deregulated power customers, equating to 3-4 million transactions per month. As such, EC Power is the largest independent service provider in the State.
With EC Power’s services, a Texas competitive retailer can meet the requirements of ERCOT to electronically “ship” all its transactions within the ERCOT network, in a secure and well managed manner. EC Power delivers the required electronic “packages” to their intended recipients, and provides web- based tools for tracking those packages during their journey. EC Power works with a new or existing Texas Retailer to obtain ERCOT certification for transaction movement. The services interface with the competitive retailer’s customer information system (CIS) to pick up and handle the outbound and return inbound transactions from the ERCOT network of providers.
About Just Energy …
Just Energy, LLC, based in Houston, Texas, provides electricity and energy services to small and medium sized businesses in the U.S., marketing those services under the Just Energy brand name. The company’s suite of simple, easy to understand energy products focuses on demystifying deregulation and saving its customers money. For more information, visit Just Energy’s web site at http://www.justenergy.com/ .
About EC Power …
In business since 1995 and based in Houston, EC Power, Inc. has a long history in the fast moving e-commerce markets, facilitating business-to- business transaction movements in a secure and cost-effective manner. The Company has significant experience in managing large-volume EDI hubs within the energy industry, and a proven track record of delivering reliable and secure electronic transaction management services to some of the nations leading energy companies.
EC Power’s experience extends far beyond the Texas market with connections to over 50 utilities in 14 deregulated states, plus connections to over 40 natural gas pipelines in the United States. Our national experience in the electric, gas, and oil industries provide clients with sound, secure and guaranteed solutions.
For more information, visit www.ec-power.com .