June 2006EC Power: Pepco Energy Services Completes Certifications for the NY and MA Energy Retail Market
HOUSTON--(BUSINESS WIRE)--June 9, 2006 EC Power, a provider of electronic transaction management services, announces the completion of several certifications for one of the country's leading providers of energy and energy related services. Pepco Energy Services has successfully completed five certifications in the New York and Massachusetts electric and natural gas markets.
For the last four months, EC Power has helped Pepco Energy Services to successfully complete the certifications that now allow them to competitively sell energy in NIMO, RGE, NYSEG, NSTAR, and the National Grid. The thriving energy markets in New York and Massachusetts continue to attract competitive retailers in the residential, commercial and industrial segments. EC Power has designed a methodology that provides retailers the ability to quickly and successfully pass the certification process and enter the market. This allows the retailers to focus on developing their business strategy and grow their customer base.
"EC Power's energy expertise and professional approach really benefited Pepco Energy Services during our recent round of certifications. We wanted fast, hassle-free access to several new territories, and EC Power delivered," said Greg Simmons, Manager of Market Expansion at Pepco Energy Services.
About Pepco Energy Services
Pepco Energy Services, Inc., a wholly owned subsidiary of Pepco Holdings, Inc. (NYSE:POM), has become one of the country's leading providers of energy and energy-related products and services for commercial, institutional, industrial and government users. Pepco Energy Services provides both energy suppliers and large energy users, such as utilities, municipalities, cooperatives and aggregators, with an array of energy management services including risk management and acquisition and management of power generation assets. With more than $1 billion in annual revenue in 2005, Pepco Energy Services provides services from North Carolina to Massachusetts. Visit www.pepcoenergy.com for more information.
About EC Power EC Power is an electronic transaction service provider and an application-hosting provider that has deep expertise in the energy industry and large-scale electronic transaction clearinghouses. EC Power assists companies to quickly and cost-effectively exchange electronic transactions in a secure and reliable manner using industry standards. With our hosting options, EC Power focuses on back office functions that support wholesale and retail energy operations. Processing over 4 million transactions a month, from electric utility invoices to natural gas nominations to electronic payments and supplier purchase orders, EC Power supports any formatted transaction and securely delivers the transactions to the trading partners.