Dominion Selects Planalytics' Weathernomics Gas Buyer to Help Manage Natural Gas Buying and Hedging

Apr 26, 2001, 01:00 ET from Planalytics Inc.

    WAYNE, Pa., April 26 /PRNewswire/ -- Planalytics Inc. announced today that
 Dominion 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.
     "Weathernomics Gas Buyer beat the average natural gas month-end settlement
 price by $0.76 per MMBtu, or 14%, over the past twelve months," said Frederic
 Fox, President and CEO of Planalytics. "Over this period, it has established
 its effectiveness at managing risk in both rising and falling markets."
     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. (EDT) on May 17. The 30-minute WebCast will introduce the tool and
 its benefits. To register for the event go to www.planalytics.com/energy.
     Dominion, headquartered in Richmond, Va., is one of the nation's largest
 producers of energy, with a production capability of 2.7 trillion British
 thermal units of energy per day. The company has a power-generation portfolio
 of more than 21,000 megawatts. For more information about Dominion, visit the
 company's Web site at www.dom.com.
     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.
 
                     MAKE YOUR OPINION COUNT -  Click Here
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SOURCE Planalytics Inc.
    WAYNE, Pa., April 26 /PRNewswire/ -- Planalytics Inc. announced today that
 Dominion 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.
     "Weathernomics Gas Buyer beat the average natural gas month-end settlement
 price by $0.76 per MMBtu, or 14%, over the past twelve months," said Frederic
 Fox, President and CEO of Planalytics. "Over this period, it has established
 its effectiveness at managing risk in both rising and falling markets."
     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. (EDT) on May 17. The 30-minute WebCast will introduce the tool and
 its benefits. To register for the event go to www.planalytics.com/energy.
     Dominion, headquartered in Richmond, Va., is one of the nation's largest
 producers of energy, with a production capability of 2.7 trillion British
 thermal units of energy per day. The company has a power-generation portfolio
 of more than 21,000 megawatts. For more information about Dominion, visit the
 company's Web site at www.dom.com.
     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.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X11716512
 
 SOURCE  Planalytics Inc.