SOURCE: Triple Point Technology

Triple Point Technology

November 12, 2009 09:00 ET

Tennessee Valley Authority Selects Triple Point Software to Optimize Fuel Procurement and Wholesale Power Trading

WESTPORT, CT--(Marketwire - November 12, 2009) - Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that Tennessee Valley Authority (TVA) has selected Commodity XL™ to provide an integrated platform and advanced analytics to manage fuel and power price volatility for its energy business.

Established in 1933 by President Franklin Roosevelt to lift the nation out of the Great Depression, TVA reported 2008 operating revenues of $10.4 billion. The energy giant provides power to large industries and 158 power distributors that serve approximately 9 million consumers in seven southeastern states including most of Tennessee and parts of Mississippi, Kentucky, Alabama, Georgia, North Carolina and Virginia.

About Commodity XL

Commodity XL is the leading multi-market commodity and enterprise risk management solution that meets all of the requirements for supply, trading, marketing, logistics, scheduling, risk management and accounting in today's volatile and complex environment: multi-commodity management, business intelligence and analysis tools for proactive decision-making, real-time integration of physical and financial positions, advanced service-oriented architecture (SOA) and comprehensive enterprise risk management covering the four key areas of corporate financial exposure: operational risk, market/price risk, counterparty credit risk and corporate governance and regulatory compliance risk.

About Triple Point Technology

Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point's Commodity XL profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, emissions, base and precious metals, agricultural products, biofuels and freight. In addition to Triple Point's award-winning commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other organizations with large raw material and energy exposure, including consumer products (CP), discrete manufacturers and big box retailers, are quickly adopting the Triple Point solution. Named to the Deloitte Technology Fast 50 for ten straight years, Triple Point added to its record-breaking organic growth in 2008 with the acquisitions of INSSINC, the leading provider of hedge accounting and fair value level software and ROME Corporation, the industry leader in credit risk software solutions. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from nine development and support centers located around the globe. More information is available at www.tpt.com.

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