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Citizens Gas Utility District Renews Planalytics EnergyBuyer Service |
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February 27, 2008
Planalytics, Inc. announced today that Citizens Gas Utility District has renewed its EnergyBuyer® license agreement. The Tennessee utility will continue using the EnergyBuyer to identify opportunities to lower natural gas costs for its customers in Scott and Morgan counties.
“We are very pleased with the service. Planalytics is always there when I need them,” said Freddy Bishop, General Manager of Citizens Gas Utility District. “With the EnergyBuyer, we have been able to stay on top of volatile price swings and make hedging decisions that contain costs for our customers.”
Planalytics EnergyBuyer is a price analysis and buying advisory service used to manage volatility and the increasing financial risk entering energy markets. The service includes access to the EnergyBuyer website with live pricing (Nymex and Globex); buying, hedging and risk management suggestions; accounting and reporting functions; and charting and market research tools. EnergyBuyer clients also receive support services that include direct access to Planalytics meteorologists and market experts, weekly e-newsletters, consultation on risk management strategies and weather alerts.
The EnergyBuyer platform continuously evaluates market conditions to determine when prices are attractive or too high, delivering clients straightforward purchasing guidance in the form of “buy” or “wait” suggestions for individual commodities and months. Suggestions are based on Planalytics’ analytical models and predictive technologies that project how prices will be influenced by a combination of variables that include fundamental factors (demand, inventory levels, etc.), technical analysis (support and resistance levels, etc.), trading dynamics (open interest, spread positions, etc.) and future weather conditions. Pricing and suggestions are available for natural gas, heating oil, crude oil and RBOB (reformulated gasoline).
About Citizens Gas Utility District
Citizens Gas Utility District serves approximately 9,800 residential, commercial and industrial natural gas customers and 600 propane customers in Scott and Morgan counties in Tennessee. Citizens Gas Utility District also owns and operates a natural gas storage field.
About Planalytics, Inc.
Planalytics, Inc. is the singular global source of Business Weather Intelligence® – the actionable information companies need to understand and optimize the impact of weather on their business. Weather is the most volatile of all external factors affecting business performance and Planalytics helps companies proactively manage this risk. Powered by an unparalleled database of weather’s financial and volumetric impacts, proprietary forecasting technologies and market-specific expertise, Planalytics’ Business Weather Intelligence is essential to any company, in any industry, looking to effectively shape strategies, pinpoint opportunities and make more profitable decisions. For more information, visit www.planalytics.com.
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