Citizens Gas & Coke Utility Selects Planalytics' Weathernomics Gas Buyer to Help Manage Natural Gas Buying and Hedging

Apr 03, 2001, 01:00 ET from Planalytics Inc.

    WAYNE, Pa., April 3 /PRNewswire/ -- Planalytics Inc. announced today that
 Citizens Gas & Coke Utility has signed an agreement to access Weathernomics
 Gas Buyer(TM), a financial risk management tool for purchasing and hedging
 natural gas.  The web-delivered tool provides buying, selling, or hedging
 actions designed to reduce risk and take advantage of opportunities presented
 by weather-driven effects on gas prices for up to one year into the future.
     "We are pleased to have Citizens Gas & Coke as a new client," said
 Frederic Fox, President and CEO of Planalytics.  "Gas utilities are showing
 interest in Weathernomics Gas Buyer as they look for ways to more proactively
 manage their gas costs and risk exposure.  This is no surprise, given what has
 happened in the natural gas market over the last year.  In fact, many state
 utility commissions are encouraging their utilities to further develop risk
 management programs in an effort to better protect ratepayers from price
 volatility."
     Weathernomics Gas Buyer does not attempt to forecast natural gas prices in
 a traditional sense.  Rather, it predicts the turning points and future
 direction of prices and determines if natural gas is overvalued or undervalued
 at any given time.  Weathernomics Gas Buyer combines long-range weather
 intelligence, American Gas Association weekly storage data, inventory change
 forecasts, real-time NYMEX futures contract pricing, and proprietary
 Weathernomics(SM) technology into an engine that provides six possible buy-
 sell outputs.  Weathernomics Gas Buyer is not based on mathematical or
 statistical probabilities of weather, but rather on reliable long-range
 weather forecasts from a commercially proven source, Planalytics Inc.
     Planalytics is hosting a live WebCast on Weathernomics Gas Buyer at
 3:30 p.m. (EST) on April 17.  The 30-minute WebCast will introduce the tool
 and its benefits.  To register for the event go to www.planalytics.com/energy.
     Indianapolis, IN-based Citizens Gas & Coke Utility (www.citizensgas.com)
 operates as a Public Charitable Trust serving the residents of Marion County,
 Indiana.  It delivers natural gas to residential, commercial and industrial
 users, and offers other customer-focused programs.  For more than 100 years,
 the utility has provided energy-related services to residents of Marion
 County.
     Wayne, PA-based Planalytics (www.planalytics.com) is a supply chain
 planning portal serving three vertical markets:  retail, life sciences, and
 energy.  Planalytics provides vital future external intelligence into supply
 chain planning and forecasting, quantifying how, where, and when weather,
 demographic, economic, and competitive shifts from year to year will affect
 supply and demand for specific products and services.
 
 

SOURCE Planalytics Inc.
    WAYNE, Pa., April 3 /PRNewswire/ -- Planalytics Inc. announced today that
 Citizens Gas & Coke Utility has signed an agreement to access Weathernomics
 Gas Buyer(TM), a financial risk management tool for purchasing and hedging
 natural gas.  The web-delivered tool provides buying, selling, or hedging
 actions designed to reduce risk and take advantage of opportunities presented
 by weather-driven effects on gas prices for up to one year into the future.
     "We are pleased to have Citizens Gas & Coke as a new client," said
 Frederic Fox, President and CEO of Planalytics.  "Gas utilities are showing
 interest in Weathernomics Gas Buyer as they look for ways to more proactively
 manage their gas costs and risk exposure.  This is no surprise, given what has
 happened in the natural gas market over the last year.  In fact, many state
 utility commissions are encouraging their utilities to further develop risk
 management programs in an effort to better protect ratepayers from price
 volatility."
     Weathernomics Gas Buyer does not attempt to forecast natural gas prices in
 a traditional sense.  Rather, it predicts the turning points and future
 direction of prices and determines if natural gas is overvalued or undervalued
 at any given time.  Weathernomics Gas Buyer combines long-range weather
 intelligence, American Gas Association weekly storage data, inventory change
 forecasts, real-time NYMEX futures contract pricing, and proprietary
 Weathernomics(SM) technology into an engine that provides six possible buy-
 sell outputs.  Weathernomics Gas Buyer is not based on mathematical or
 statistical probabilities of weather, but rather on reliable long-range
 weather forecasts from a commercially proven source, Planalytics Inc.
     Planalytics is hosting a live WebCast on Weathernomics Gas Buyer at
 3:30 p.m. (EST) on April 17.  The 30-minute WebCast will introduce the tool
 and its benefits.  To register for the event go to www.planalytics.com/energy.
     Indianapolis, IN-based Citizens Gas & Coke Utility (www.citizensgas.com)
 operates as a Public Charitable Trust serving the residents of Marion County,
 Indiana.  It delivers natural gas to residential, commercial and industrial
 users, and offers other customer-focused programs.  For more than 100 years,
 the utility has provided energy-related services to residents of Marion
 County.
     Wayne, PA-based Planalytics (www.planalytics.com) is a supply chain
 planning portal serving three vertical markets:  retail, life sciences, and
 energy.  Planalytics provides vital future external intelligence into supply
 chain planning and forecasting, quantifying how, where, and when weather,
 demographic, economic, and competitive shifts from year to year will affect
 supply and demand for specific products and services.
 
 SOURCE  Planalytics Inc.