PEABODY, Mass., January 16, 2001 — LODESTAR Corporation today announced that Georgia System Operations Corporation (GSOC) will use LODESTAR’s BillingExpertà¢â€ž- software solution to manage interval data and price, calculate imbalances, perform energy settlement, and present trading partners information to meet the new billing demands in the energy marketplace.
With BillingExpert, GSOC will be able to better capture, organize and manage interval data in support of the 39 electric membership corporations GSOC serves. The member organizations serve approximately 50 percent of households in Georgia. LODESTAR’s customer-based web portal presents interval and billing information securely to GSOC members and GSOC analysts. With the BillingExpert portal, business information – not data – is accessible 24/7 to authorized users. BillingExpert is designed to handle complex billing systems in both the regulated and deregulated energy marketplace.
“We feel BillingExpert is putting us ahead of the game,” said John Sweeney, director of data systems and administration at GSOC. “We’re putting in place a capability to support our members’ evolving business needs which will include a new set of billing rules in the near future.”
Sweeney said GSOC looked for a system that would meet the company’s requirements for data management and reporting, particularly for the increased levels of billing that are anticipated in the near future. Company officials decided to purchase LODESTAR’s BillingExpert rather than hire additional information technology staff and build their own software applications.
“We also expect to see new data requirements when a regional transmission organization is established in the Southeast,” said Sweeney. “Finally, if deregulation ever comes to Georgia, we’ll be ahead of the game. We will have several years of experience under our belt using BillingExpert.”
Sweeney cited LODESTAR’s standardized Rules Languageà¢â€ž- as one reason for their choice of BillingExpert. LODESTAR Rules Language is a high-level, rules-based configuration language that allows business analysts to bill, settle, and communicate large volumes of information among trading partners. GSOC officials also liked the fact that BillingExpert provides a single, integrated environment, in which the data model is visible to the person doing the scripting.
“Energy companies today are facing dramatic increases in both the volume and the complexity of their business,” said Chris Hamilos, chairman and CEO of LODESTAR. “BillingExpert has the power to address the most complex billing situations and the flexibility to evolve quickly to meet new market needs. With BillingExpert, GSOC is in a better position to meet its needs today and also to be ready when deregulation brings additional business challenges and opportunities in the years to come.”
LODESTAR Corporation is the world’s provider of software solutions for energy companies in both regulated and deregulated environments. LODESTAR’s Customer Choice Suiteà¢â€ž- (CCSà¢â€ž-) is the only solution that follows the electron from generation to delivery. More than 110 LODESTAR clients use CCS for pricing, billing, load profiling and settlement, financial management, and transaction management. LODESTAR solutions serve all energy market participants, including retail and distribution companies, independent system operators, regional transmission operators, and wholesale, transmission, and generation companies. Shell Energy Services Company, the Electric Reliability Council of Texas (ERCOT), TXU, Allegheny Power, BC Hydro and Duke Power are among the energy companies that use LODESTAR solutions to build a competitive advantage in today’s dynamic market.
LODESTAR Corporation has offices in the USA and a subsidiary in the United Kingdom. Additional offices are planned for continental Europe in the coming months. LODESTAR headquarters is at Two Corporation Way, Peabody, MA 01960 USA.
For more information, visit www.lodestarcorp.com.