Scottish Power signs with INSSINC to implement FUTRAK at its headquarters and US subsidiaries

ScottishPower has signed an agreement to implement FUTRAK globally beginning with its US subsidiaries and then at its Glasgow headquarters beginning in June, 2005.

The implementation will consist of multiple interfaces including Zai*Net, Openlink Endur and an inhouse risk management system allowing straight through processing to take place. “After a thorough due diligence process, including all of the top vendors in the United States and Europe, FUTRAK emerged as the system that best addressed the very complex and challenging criteria of all three companies,” said Richard W. Kulaszewski, Vice President of Sales. “With our leading expertise, a growing and dominant client base in FAS133, existing
interfaces from Zai*Net, Openlink Endur, and other solutions, INSSINC emerged as the clear winner of this extensive selection process.

ScottishPower is a vertically integrated, asset-strong energy company. PacifiCorp is one of its four key businesses, which also include PPM Energy in the U.S., as well as the UK Division and the Infrastructure Division in the United Kingdom. ScottishPower is a major, international energy company based in Glasgow, Scotland, and is listed on the New York Stock Exchange under the symbol SPI and on the London Stock Exchange under the symbol SPW.

INSSINC has provided companies with hedge accounting and risk management software for over 20 years. Founded in 1983, INSSINC offers risk management and FAS 133 software that can be deployed as an ASP or on-site to energy companies including: E&P, gas gatherers, pipelines, refiners, petrochemical firms, power utilities, LDC energy retailers, municipals, cooperatives, and energy merchants. In addition, they provide support for natural gas, crude, power, NGLs, and refined products.

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