HOUSTON, Texas, Jan. 21, 2002 — KWI, a global company specializing in trading and risk management software for energy companies, has been awarded a contract to supply the kW3000â„- system to Puget Sound Energy, for complete front-to-back-office trading, risk management and invoice settlement.
“Puget Sound Energy is moving beyond just hedging at the trading level and needed an enterprise-wide risk management system that would allow it to manage its entire portfolio from a central platform,” said Steve Delaney, North America sales director with KWI. “kW3000 will provide this company with the tools it needs to take advantage of market opportunities, ultimately allowing it to deliver value to its customers.”
Puget Sound Energy, recently named “2001 Utility of the Year” by Electric Light & Power, provides electricity, natural gas and a range of energy related services to more than 1.4 million homes and businesses throughout the Puget Sound area including Microsoft, The Boeing Company, Nintendo of America, AT&T Wireless, Amazon.com, and others.
KWI is a global company that specializes in trading and risk management software for energy companies, to help clients execute forward market trading, portfolio management and risk management. KWI’s primary product is kW3000â„-, a suite of integrated applications designed to manage risk and trading in the rapidly changing electricity and multi-commodity energy markets. More information about KWI is available at www.kwi.com.
Headquartered in Bellevue, Wash., Puget Energy is the parent company of Puget Sound Energy, Washington State’s largest electric and natural gas utility, and InfrastruX Group, a wholly-owned utility-services subsidiary. Puget Sound Energy manages a diverse portfolio of hydro-generation, natural gas, coal and purchases in the Pacific Northwest. More information is available on the web at www.pse.com.