SCT to Provide IBM with Software Solutions for The New Power Company

The New Power Co. expects to become the first nationwide provider of energy to the residential and small commercial customer in deregulated U.S. markets. Under an agreement between IBM Global Services and SCT, the SCT Banner Customer Information System will be integrated into numerous back-office IT solutions under development by IBM for The New Power Co. These solutions will include customer care, electronic data interchange (EDI), billing and a variety of other functions.

SCOTTS VALLEY, CA-Metering Technology Corp. (MTC) has completed its $14 million Series D round of financing. Investors in the round include Blue Chip Venture Co., Avista Corp., Enron North America and Woodside Fund.

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