California Department of Water Resources Selects Altra Power to Enable Statewide Power Purchases

Altra Product Allows Bulk Power Managers to Focus More Attention On

Procurement Issues During State's Energy Crisis



Apr 11, 2001, 01:00 ET from Altra Energy Technologies, Inc.

    HOUSTON, April 11 /PRNewswire/ -- Altra Energy Technologies, Inc.
 announced today that two divisions of the California Department of Water
 Resources (CDWR), the agency that now provides power scheduling and power
 purchasing for more than one-third of the state's energy needs, has selected
 Altra Power to more efficiently manage the scheduling and settlements
 processes associated with these energy purchases.  Altra, together with its
 subsidiaries, is the leading provider of innovative electronic trading
 services, transaction management software and related e-business services to
 the energy industry.
     In January, California Governor Gray Davis directed the CDWR to purchase
 power on behalf of the investor-owned utilities to help bring stability during
 the energy crisis that has resulted in rolling blackouts and high energy
 prices.  Since then, two CDWR divisions, California Energy Resource Scheduling
 (CERS) and The State Water Project, have purchased enterprise-wide licenses of
 Altra Power to help them more efficiently schedule energy transactions in the
 California power grid.  The installation of Altra's software represents a
 technology and infrastructure upgrade for scheduling and settling power
 transactions through the California ISO.
     "Tackling the job of controlling the state's energy situation required new
 solutions for managing the increased transaction volumes, especially in light
 of recent volatility in supply and prices," said CDWR Deputy Director Ray
 Hart.  "We realized we needed advanced, secure software in place to handle
 what have become two important aspects of energy transactions -- scheduling
 and settlement."
     "Our product will ensure that the information required for settlement with
 providers is accurate, auditable and secure," said Altra President and CEO
 Paul Bourke.  "Altra Power makes it possible for the CDWR to focus on the task
 at hand -- energy procurement and delivery -- rather than focusing on data
 management issues."  Altra also works closely with energy deregulation
 organizations in New York (the New York ISO), Texas (the ERCOT ISO), and other
 grid management organizations.
     Altra Power's open architecture can easily be integrated with other
 applications, whether they are other Altra products, proprietary systems or
 third-party products.  In addition, customers using Altra Power can easily
 adapt to frequent market changes such as volatile pricing, changing industry
 players and modified governmental regulations.
     "Altra systems are the most widely used products for power scheduling and
 trading in California," said William Betts, Altra's Senior Vice President of
 Sales.  "We're confident that the Altra Power system will also provide the
 state with the level of flexibility, scalability and ease of deployment the
 current emergency situation requires, and will also serve them well over the
 longer term as the situation stabilizes."
 
     About Altra Power
     Altra Power is the most advanced energy transaction delivery management
 system used for the transmission, scheduling, and recording of electricity for
 providers, schedulers, suppliers and other key players in the interconnected
 electricity grid.  In an increasingly deregulated environment, Altra Power
 offers scheduling for direct access load, generation bidding and scheduling,
 integrated OASIS reservations and NERC tagging, checkout, and billing.
 
     About Altra Energy Technologies, Inc.
     Altra Energy Technologies, Inc., located in Houston and at www.altra.com,
 together with its subsidiaries, is the leading provider of independent,
 neutral online trading systems, transaction management software and e-business
 solutions for the energy industry.  Founded in 1996 as the first electronic
 marketplace for energy, Altra's software and trading systems now serve more
 than 7,000 energy professionals across 500 companies worldwide who trade,
 schedule, transport and account for transactions in power, natural gas,
 natural gas liquids and crude.  The company, which offers the Altra Market
 Place for real-time trading, Altra Market Tools for front-, mid- and back-
 office transaction management and Altra Market Solutions to help energy
 companies create customized portal applications, is the only provider of
 software, systems and support that integrates the entire energy transaction
 process from trade through delivery and accounting.  Altra Energy
 Technologies, Inc., market wide market deep(SM).
 
     Altra is a registered trademark, the Altra logo is a trademark and "market
 wide market deep" is a service mark of Altra Energy Technologies, Inc.
 
      Contact:
      Brian Dolezal, TateAustin    Vicki Barit, Altra Energy Technologies, Inc.
      (512) 344-2035               (713) 210-8179
      bdolezal@tateaustin.com      vbarit@altra.com
 
 

SOURCE Altra Energy Technologies, Inc.
    HOUSTON, April 11 /PRNewswire/ -- Altra Energy Technologies, Inc.
 announced today that two divisions of the California Department of Water
 Resources (CDWR), the agency that now provides power scheduling and power
 purchasing for more than one-third of the state's energy needs, has selected
 Altra Power to more efficiently manage the scheduling and settlements
 processes associated with these energy purchases.  Altra, together with its
 subsidiaries, is the leading provider of innovative electronic trading
 services, transaction management software and related e-business services to
 the energy industry.
     In January, California Governor Gray Davis directed the CDWR to purchase
 power on behalf of the investor-owned utilities to help bring stability during
 the energy crisis that has resulted in rolling blackouts and high energy
 prices.  Since then, two CDWR divisions, California Energy Resource Scheduling
 (CERS) and The State Water Project, have purchased enterprise-wide licenses of
 Altra Power to help them more efficiently schedule energy transactions in the
 California power grid.  The installation of Altra's software represents a
 technology and infrastructure upgrade for scheduling and settling power
 transactions through the California ISO.
     "Tackling the job of controlling the state's energy situation required new
 solutions for managing the increased transaction volumes, especially in light
 of recent volatility in supply and prices," said CDWR Deputy Director Ray
 Hart.  "We realized we needed advanced, secure software in place to handle
 what have become two important aspects of energy transactions -- scheduling
 and settlement."
     "Our product will ensure that the information required for settlement with
 providers is accurate, auditable and secure," said Altra President and CEO
 Paul Bourke.  "Altra Power makes it possible for the CDWR to focus on the task
 at hand -- energy procurement and delivery -- rather than focusing on data
 management issues."  Altra also works closely with energy deregulation
 organizations in New York (the New York ISO), Texas (the ERCOT ISO), and other
 grid management organizations.
     Altra Power's open architecture can easily be integrated with other
 applications, whether they are other Altra products, proprietary systems or
 third-party products.  In addition, customers using Altra Power can easily
 adapt to frequent market changes such as volatile pricing, changing industry
 players and modified governmental regulations.
     "Altra systems are the most widely used products for power scheduling and
 trading in California," said William Betts, Altra's Senior Vice President of
 Sales.  "We're confident that the Altra Power system will also provide the
 state with the level of flexibility, scalability and ease of deployment the
 current emergency situation requires, and will also serve them well over the
 longer term as the situation stabilizes."
 
     About Altra Power
     Altra Power is the most advanced energy transaction delivery management
 system used for the transmission, scheduling, and recording of electricity for
 providers, schedulers, suppliers and other key players in the interconnected
 electricity grid.  In an increasingly deregulated environment, Altra Power
 offers scheduling for direct access load, generation bidding and scheduling,
 integrated OASIS reservations and NERC tagging, checkout, and billing.
 
     About Altra Energy Technologies, Inc.
     Altra Energy Technologies, Inc., located in Houston and at www.altra.com,
 together with its subsidiaries, is the leading provider of independent,
 neutral online trading systems, transaction management software and e-business
 solutions for the energy industry.  Founded in 1996 as the first electronic
 marketplace for energy, Altra's software and trading systems now serve more
 than 7,000 energy professionals across 500 companies worldwide who trade,
 schedule, transport and account for transactions in power, natural gas,
 natural gas liquids and crude.  The company, which offers the Altra Market
 Place for real-time trading, Altra Market Tools for front-, mid- and back-
 office transaction management and Altra Market Solutions to help energy
 companies create customized portal applications, is the only provider of
 software, systems and support that integrates the entire energy transaction
 process from trade through delivery and accounting.  Altra Energy
 Technologies, Inc., market wide market deep(SM).
 
     Altra is a registered trademark, the Altra logo is a trademark and "market
 wide market deep" is a service mark of Altra Energy Technologies, Inc.
 
      Contact:
      Brian Dolezal, TateAustin    Vicki Barit, Altra Energy Technologies, Inc.
      (512) 344-2035               (713) 210-8179
      bdolezal@tateaustin.com      vbarit@altra.com
 
 SOURCE  Altra Energy Technologies, Inc.