LODESTAR Corporation

LODESTAR Corporation

August 23, 2005 10:00 ET

LODESTAR Penetrates New Market at UNC-CH

Attention: Business/Financial Editor, Energy Editor, News Editor PEABODY, MA--(CCNMatthews - Aug. 23, 2005) - LODESTAR Corporation announced today that the University of North Carolina at Chapel Hill's Energy Services group will use LODESTAR's BillingExpert®, RateExpert® and Financial Management Extension™ products to develop, model and analyze rates and calculate charges for roughly 1000 customers receiving six different utilities.

The University of North Carolina at Chapel Hill (UNC-CH) Energy Services provides steam, chilled water, and electricity to various campus customers. UNC-CH Energy Services is also responsible for allocating charges for gas, water, electric and sewer services based on invoices received from outside providers. Energy Services Management chose LODESTAR to modernize their billing system and automate their rate determination process.

"We chose LODESTAR® Customer Choice Suite™ (CCS™) software out of several billing packages we researched because the products meet our own requirements without modifications to the software, and also because of LODESTAR's current client base," said Ray Dubose, Director of UNC-CH Energy Services.

Many universities and colleges are addressing complex issues regarding allocation of energy costs for several different utilities to multiple accounts. These accounts may occupy several buildings. Continually rising energy costs also make this problem a high priority.

"UNC-CH represents the first client of its kind for LODESTAR," says Chris Hamilos, Chairman and Chief Executive Officer for LODESTAR. "We are looking forward to working with other academic institutions that are facing similar challenges."

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.

About the University of North Carolina at Chapel Hill - Energy Services

Since opening its doors as the nation's first public university in 1793, the University of North Carolina at Chapel Hill has earned a worldwide reputation for vital teaching, cutting-edge research and distinguished public service.

The University's Energy Services group provides heating, cooling, and electricity to a diverse 700 plus-acre main campus. The major groups of Energy Services include Chilled Water, Cogeneration and Electric Distribution.

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IN: ENERGY

Contact Information

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