SOURCE: NWP Services Corporation

February 21, 2008 09:05 ET

NWP Services Corporation Announces Expanded Services With The E Group, a Division of FirstEnergy Solutions Corp.

Expanded Offering Brings New Utility Cost Management Services to Multifamily Market

IRVINE, CA--(Marketwire - February 21, 2008) - NWP Services Corporation (NWP), the leading provider of proven financial transaction processing solutions to the multifamily housing industry, today announced that it has expanded its strategic relationship with The E Group, a division of FirstEnergy Solutions Corp. Through the terms of the agreement, NWP will offer new and expanded utility cost management services to multifamily housing owners and managers.

Specializing in providing energy management services to single and multi-site commercial, industrial and governmental enterprises, The E Group has been successfully providing its extensive knowledge and expertise in the electric and natural gas energy markets to NWP customers in the multifamily marketplace since 2003.

NWP will now offer a series of enhanced services to its multifamily customers as part of its award-winning utility management program known as UtilityPay Manager. Program features supported by The E Group include utility bill-auditing and annual rate & tariff auditing for water, sewer, natural gas, and electric accounts and expedited bill insert sorting and delivery. Additional services available through the program include energy budgeting, forecasting, rebates, conservation, and procurement services.

As a result of this agreement, NWP's UtilityPay Manager customers will benefit from expedited program implementation and processes. In addition, NWP can help customers identify new opportunities to manage utility costs and reduced risk, enabling them to optimize their energy spend and to obtain competitive utility rates for electricity and natural gas in deregulated markets.

"We are proud of our relationship with The E Group and very pleased with the success our customers are experiencing from the UtilityPay Manager program," said Michael Radice, president and CEO of NWP Services Corporation. "The technologies and services offered through the program create a total utility management solution that is strategic and actionable. NWP customers can improve financial performance while helping to minimize the total cost of ownership of their portfolio," Radice added.

"UtilityPay Manager is a great program and we are excited to be a part of its expansion," said Eileen Mikkelsen, Director of The E Group. "We feel the addition of these expanded services in the areas of auditing and billing will provide value-added and time saving enhancements to the customers of NWP."

About NWP Services Corporation:

Headquartered in Irvine, California, NWP Services Corporation (NWP) provides financial transaction processing services for the multifamily housing industry. NWP is a recognized leader in service quality for resident billing, resident payment processing and utility management services.

Resident billing by NWP enables property owners to offset their utility expenses by allocating utility charges to residents and then printing and sending a paper or electronic bill; NWP's billing options now include convergent -- or "rent-inclusive" -- billing through its Resident OneBill service. Complementing its billing services, the company's electronic resident payment processing service; called Resident ePay; enables residents to pay their rent, utilities and other monthly charges online or at the rental office with funds transferred to the property's bank account electronically. Resident ePay gives residents convenience, choice and control while letting owners to get access to cash faster. With its UtilityPay Manager program, NWP processes and pays utility invoices sent to an owner's property by utility companies. UtilityPay Manager helps property owners and managers reduce time spent on administrative bill payment work and provides them with valuable utility expertise, utility data and utility cost management opportunities, including recovering expenses from residents when they fail to transfer utilities into their own name.

NWP's offerings are available as individual services or as a fully integrated solution and are designed to accelerate the financial performance of our customers, allowing them to recover and reduce operating costs, create operational efficiencies, improve NOI and FFO and boost resident satisfaction. Additional information is available at www.nwpsc.com.

Contact Information

  • Contact for NWP Services Corporation:
    David Collins
    949-253-2589
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