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Puget Sound Energy Selects INSSINC’s FUTRAK

INSSINC announced today that Puget Sound Energy, an electric and natural gas utility based in Washington State, has selected FUTRAK for its FAS133 requirements, in addition to its normal purchase and sales tracking.

Puget Sound Energy is Washington State's largest energy utility, serving more than 1 million electric customers and approximately 725,000 natural gas customers, primarily in the Puget Sound region. Currently in its 134th year of business, PSE is also the oldest utility company within the state of Washington whose service area is home to some of America's most recognized and respected businesses, including: Microsoft, Amazon.com, Weyerhaeuser, Starbucks, Costco, and Nordstrom, to name a few.

“FUTRAK helps companies in numerous ways—including the area of effectiveness testing,” stated Richard Kulaszewski. “The software also proves extremely valuable in serving as a book of records for which all derivatives and normal purchases/sales can be tracked in one auditable location.”

FUTRAK is the most advanced hedge accounting FAS 133 compliant software solution on the market. FUTRAK uploads data from ETRM systems to perform complex effectiveness testing and FAS 133 accounting.

INSSINC is a leading international provider of software solutions for the energy and commodity derivative industries. With over twenty years of experience, INSSINC has successfully developed and implemented state-of-the-art derivative accounting systems for hundreds of clients worldwide. One of the first to offer a comprehensive FAS 133 & IAS 39 compliant solution, INSSINC also recently released a module for FAS157 accounting and the associated disclosures.