NEWS RELEASE: FOR IMMEDIATE RELEASE
Bellevue, Washington – Power Systems Operations (PSO), an innovative supplier of software products and services to the energy industry is pleased to announce that GDF SUEZ has selected its VERA Communicator product to accurately and securely submit load bids to PJM, NYISO, ISO-NE and MISO, and to capture Settlements data from those four ISOs.
GDF SUEZ is one of the largest retail electricity providers to commercial, industrial and institutional customers in the US, serving 12 markets and supplying the electricity needs of nearly half of America’s Fortune 50 companies. “We have benefited greatly from our relationship with Power Systems Operations over the years” says Kenneth L. Lackey, Vice President, Commercial Operations, GDF SUEZ. “Power Systems Operations continues to provide us with the products and services we need to run our business efficiently, reliably, and cost effectively, to the ultimate benefit our customers. PSO’s highly flexible, adaptable and quick-to-deploy VERA Communicator software product helped create many opportunities for our ISO/RTO customers to save time and money by automating the communication of energy pricing data among a complex array of parties.” Mr. Lackey went on to say that “Additionally, we have leveraged the unique flexibility provided by VERA to implement solutions for FERC EQR reporting for 17 separate entities. We have also used VERA for settlements and reporting associated with complex structured transactions.”
“Our clients are under significant pressure to run their energy related businesses in an efficient manner that ensures power grid reliability while making sound economic decisions,” says Vicki Vanderburg, President, Power Systems Operations. “There are a number of challenging tradeoffs that play into these decisions, and we are pleased and very proud to help GDF SUEZ serve their customers through use of our products and services.”
Founded in 1991, the PSO team of trusted advisers and solution implementers has worked with over 25 of the largest electric utilities and marketers in the US. PSO provides consulting, off-the-shelf products and software solutions to the energy industry for energy trading, scheduling, settlements, communications, reporting and risk management.