LODESTAR Corporation

LODESTAR Corporation

August 16, 2005 10:29 ET

LODESTAR Announces Strategic Commitment to the Ontario Market

A Meter Data Management Solution that Reduces Market Risk and Accelerates Time-to-Market for Ontario LDCs Attention: Business/Financial Editor, Energy Editor, News Editor PEABODY, MA--(CCNMatthews - Aug. 16, 2005) - LODESTAR announces that its Meter Data Management (MDM) product reduces market risk and accelerates time-to-market for Ontario LDCs. LODESTAR's products are recognized throughout North America, Europe and Asia as leading solutions offering customers product flexibility, rapid implementation, and the ability to ultimately lower costs absorbed by rate-payers. LODESTAR's MDM solution has proven effective for over 10 leading energy companies in Canada, and more than 100 in the U.S., Europe and Australia.

Ontario's Smart Meter Initiative will leverage LODESTAR's worldwide experience of over 240 successful product implementations and benefit from the best practices approach of deploying and maintaining evolving market driven requirements. The largest MDM implementation LODESTAR has orchestrated manages more than 32 million meters. This deployment handles more than 150,000 daily transactions-demonstrating LODESTAR's unmatched ability to manage high volume communications inside and outside the firewall with multiple counterparts. Further, LODESTAR has implemented similar solutions in markets around the world that have undergone huge regulatory change, while preserving the past investment clients have made in their existing systems.

LODESTAR's unique MDM value proposition includes the proven ability to manage market settlements, complex billing and EBT transaction management for the Ontario province. In addition to providing a centralized meter data repository to be leveraged for downstream processing, the MDM solution features a library of validation and estimation routines, and includes support for calculating bill determinants to minimize the changes required by existing CIS or other billing systems. The robust architecture provides for true thin-client, web-enabled, end-user access for viewing usage data by time of use periods and to drill into hourly or sub-hourly detail. MDM also includes:

? Automatic loading of inbound meter reads
? Standard data validations as well as a framework for adding additional validations
? Optional replacement of meter data that failed validations
? Automatic estimation of missing reads
? Volume calculation by TOU periods for use in downstream billing processes
? Scalability to more than 32 million meter points
? Powerful end-user data analysis tools for both scalar and interval meter data

The LODESTAR® Customer Choice Suite™ software solution configured for the Ontario Smart Meter initiative is available for licensing by individual LDCs, consortiums of market participants, or via an ASP model, so that LDCs can take advantage of a proven solution that lowers the total cost of system ownership for all end-use customers. LODESTAR's MDM solution will be demonstrated at the upcoming Smart Meters Conference in Toronto on November 28th.

About LODESTAR Corporation

LODESTAR is a world-leading provider of energy software solutions. Over 120 leading energy companies use our solutions worldwide. LODESTAR Corporation's headquarters is at Two Corporation Way in Peabody, MA 01960 USA. LODESTAR and LODESTAR's other marks are either trademarks or registered trademarks of LODESTAR Corporation in the U.S. and/or other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.

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IN: ENERGY

Contact Information

  • Carolyn Heinen, LODESTAR Corporation
    Primary Phone: 978-573-4674