Triple Point Technology Announces Midwest ISO Module

Business Wire, March 11, 2003

Energy Editors/Business Editors

WESTPORT, Conn.--(BUSINESS WIRE)--March 11, 2003

Triple Point Technology

New Product and Service to Add Power Scheduling and Shadow

Settlement Connectivity to Power XL for Participants in Midwest's

Forthcoming Marketplace

Triple Point Technology, the leading provider of fully integrated, front- to back-office systems for power, natural gas, oil, and other commodities, today announced the development of a Midwest ISO Module for Power XL, a next-generation trading system for electricity markets worldwide. The new software and service is specifically designed to streamline, automate, and simplify mid- and back-office functions for participants in the Midwest's electricity market.

Recently, Triple Point was the first to launch an ASP product for California ISO connectivity and scheduling. Adding the Midwest ISO module to its product offering, Triple Point continues its plan of providing market-specific functionality to all trading regions.

With Power XL's Midwest ISO module, Market Responsible Entities (MREs) use the Web to create schedules and bids for automatic submission directly to the ISO. The service ensures the schedules are balanced and the bids are validated. Based on final schedules, uploaded meter data and dispatch instructions, and public market information available through OASIS, the service provides shadow settlements with the necessary supporting details to substantiate disputes.

Utilizing the Midwest ISO module enables MREs and other market participants to submit resource offers for the real-time market, submit load offers, and receive dispatch instructions. During settlement, the software will automatically compare system-calculated charges with ISO settlement values, provide a basis upon which to dispute ISO statements, and track existing disputes.

Peter F. Armstrong, Triple Point Technology president, said, "The Midwest ISO module will provide region-specific tools to power traders and schedulers in the Midwest. Additionally, by utilizing the ASP business model, Triple Point will maintain the software, including the management of future compatibility changes within the system. This offsite maintenance will reduce overall costs to Power XL users and increase system efficiencies."

About Triple Point Technology

Headquartered in Westport, Connecticut (U.S.A.), Triple Point Technology operates worldwide, with London and Singapore serving as international hubs. Triple Point is a major provider of commodity trading systems recognized by traders, CEOs, and CFOs at more than 70 multinational energy, power, and financial services firms including: Cinergy, City of Anaheim, Morgan Stanley, Duke Energy, PETRONAS, Koch Industries, Amerada Hess, and BP.

Triple Point has realized 120% growth in revenue over the previous five years and has been recognized four times by Inc. magazine as one of the fastest growing companies in America for its performance since its inception in 1993. The company's flagship products, Tempest XL, Power XL, and Gas XL, provide producers, users, and traders of oil, electricity, and natural gas, respectively, the tools needed to streamline transaction processing, maximize efficiencies in the supply chain, and perform sophisticated risk analyses. For more information about Triple Point, visit the Web site at www.tpt.com.