|[March 15, 2017]
Garland Power & Light Selects PCI's Energy Transaction and Risk Management Platform
Power Costs, Inc. (PCI (News - Alert)) announced today that Garland Power & Light
(GP&L), a locally owned municipal utility in the City of Garland, Texas,
has selected PCI's enterprise platform solution to support the utility's
energy transaction and risk management functions in the Electric
Reliability Council of Texas (ERCOT).
PCI will be implementing its Generation Supply Management System (GSMS)
platform that includes multiple modules such as the Market Interface,
Deal Management, Risk Management, Contract Settlements (and others) that
address GP&L's requirements in a single integrated web-based platform.
With PCI's industry-leading solution, GP&L will be able to fully
automate its Front, Mid and Back Office workflows. The PCI platform
optimizes a variety of energy portfolios and is utilized by several
companies that together comprise approximately 60 percent of U.S.
"Upon extensive evaluation, multiple demonstrations, and in-depth
technical review of several solutions in the market, we found the PCI
platform to be the most comprehensive and configurable for managing our
unique business needs," said Dan Bailey, Energy Services Director at
GP&L. "PCI's staff has a thorough understanding of subtle aspects of
ERCOT market operations, along with their willingness to carve out a
tailored solution for us, were the key factors in our decision."
With this selection, PCI further extends its leadership position in the
ERCOT market. PCI solutions are used by various types of market
participants, including classic utilities, independent power producers
(IPP), municipals & co-ops, trading houses, large industrials and
others in all North American energy markets.
"We are proud to have GP&L as our new customer and value the trust they
have placed in PCI for a long-term strategic partnership," said Shailesh
Mishra, Senior Director at PCI. "Our experience in working with several
ERCOT clients for more than 20 years and delivering value everyday has
been an instrumental milestone for us. It reinforces PCI's
customer-driven core value."
About Garland Power & Light
Since 1923, the City of Garland has been providing electric service to
its citizens through�Garland Power & Light (GP&L),�its locally owned
not-for-profit municipal utility. With more than 69,000 customers, GP&L
is the fourth largest municipal utility in Texas and the 41st�largest
in the nation. GP&L is recognized nationally as a Reliable Public Power
Provider (RP3®) and as a Tree Line USA Utility.
The mission of GP&L is to provide high quality, safe and reliable
electric service at competitive rates to the citizens and businesses of
the City of Garland through the efforts of a professional and dedicated
workforce, and to enhance the quality of life in the city by creating a
utility environment that supports economic development. To learn more
about GP&L, please visit http://www.gpltexas.org
About Power Costs, Inc. (PCI)
PCI is the leading provider of generation supply management software,
superior customer support and value-added services for energy-focused
companies. Founded in 1992 by Dr. Fred Lee, PCI continues to refine and
develop new software solutions that meet the ever-evolving needs of its
clients which include investor-owned, municipal and cooperative
utilities, independent power producers as well as energy marketing and
trading organizations. More than half of all the power generated in the
United States is optimized using PCI software solutions and over 60% of
the Fortune 500 Energy and Utility firms in the U.S. are PCI clients.
PCI is a privately held company based in Norman, Oklahoma with offices
in Houston, Texas and Raleigh, North Carolina. To learn more about PCI,
please visit www.powercosts.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170315005072/en/
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