Utility Resource Solutions selects FUTRAK to manage FAS 133 and derivative positions

INSSINC, the leader in FAS133 and IAS 39 software solutions has announced today that URS, headquartered in Houston, has selected FUTRAK to aid in its deregulated energy hedging program around its competitive natural gas marketing organization.

URS, known for its autonomy, is not owned or controlled by a utility and has had
significant success in the Texas and NY deregulated energy markets. URS has the
proficiency and experience that its customers deserve, as their average employee has worked in the industry for 17 years. Most important, they have proved to their customers that they have better options and purchasing flexibility than many other utilities. URS has tailored its business to fit every customer’s natural gas requirements, whether it’s purchasing, managing, aggregating or supplying natural gas.

“URS and other competitive energy suppliers do a significant amount of hedging since they are giving out fixed costs to their customers,” stated VP of Sales Richard W, Kulaszewski, “and achieving FAS133 compliance is key in helping eliminate unnecessary earning volatility.”

FUTRAK was developed by INSSINC, which specializes exclusively in FAS133 and IAS 39 solutions. Founded in 1983, the Company maintains a staff of highly experienced consultants and systems professionals who are experts in trading, operations, and accounting.