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Entergy Gulf States Gains Regulatory Approval to Use Planalytics EnergyBuyer in Natural Gas Hedging Program |
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November 14, 2008
Planalytics, Inc. announced today that Entergy Gulf States, Inc. (EGS) has received approval from the Louisiana Public Service Commission to hedge a portion of its 2009-2010 winter season gas requirements using the EnergyBuyer® Service. Planalytics’ year-ahead analysis of natural gas prices enables EGS to sort through market volatility and make cost effective and protective hedges for its customers. The Commission will allow EGS will recover the cost of the EnergyBuyer Service through its Purchased Gas Adjustment (PGA) clause.
On October 15, 2008 the Louisiana Public Service Commission unanimously adopted EGS’s “Application for a Letter of Non-Opposition Approving the Modification of its Plan for Stabilizing its Purchased Gas Adjustment Clause, the Implementation of a Hedging Pilot Program, and Treatment of Costs” (S-30456), voting to:
1. Allow modification of EGS’s current Systematic Hedge Plan for stabilizing its purchased gas adjustment clause by reducing the volume to be hedged using the current plan by 25% of EGS’ local distribution company projected winter season gas requirements for the winter of 2009-2010;
2. Allow EGS to enter into a contract with Planalytics, Inc. to use its EnergyBuyer Software;
3. Permit EGS to hedge 25% of its projected winter season gas requirements for 2009-2010 using the EnergyBuyer Pilot Program;
4. Permit EGS to recover the subscription cost of the EnergyBuyer Software through EGS’ PGA; and
5. Permit recovery of the financial losses and/or crediting of financial gains resulting from the Energy
Buyer Pilot Program through EGS’ PGA; and
6. That this Order be effective immediately.
The Planalytics EnergyBuyer Service provides daily global market monitoring, price analysis and buying guidance to help companies manage financial risk in today’s volatile energy markets. The EnergyBuyer Service includes direct support with Planalytics market experts and meteorologists, “InsideEdge” e-newsletters delivered throughout the week and 24/7 access to the EnergyBuyer website. The website is an analysis platform with live futures pricing (Nymex and Globex); buying, hedging and risk management suggestions for natural gas; accounting and reporting functions; and charting and market research tools.
Planalytics continuously monitors the market to determine when natural gas prices are attractive or too high, delivering companies straightforward purchasing guidance in the form of “buy” or “wait” suggestions for individual 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 global financial conditions (interest rates, foreign exchange, credit markets, exchanges etc.), fundamental factors (demand, inventory levels, etc.), technical analysis, trading dynamics (open interest, spread positions, etc.) and future weather conditions.
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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