TXU Energy Trading Uses Zai*Net Software

Caminus Corporation announced today that TXU Energy Trading has gone live with the Zai*Net Software suite. TXU Energy Trading is a unit of TXU, one of the largest investor-owned energy services companies in the world with assets of more than $40 billion. With headquarters in Dallas, TXU is a multinational leader in electric and natural gas services, merchant trading, energy marketing, telecommunications and other energy-related services. TXU delivers energy to nine million customers primarily in Texas, the United Kingdom and in continental Europe and Australia.

TXU will use the Zai*Net software system to provide transaction management support for its power and gas trading operations in North America and Europe, as well as high-end risk analysis tools for its trading and risk management executives. The Zai*Net system will be used to capture, schedule, and account for physical and financial trades for gas, power and other energy commodities. The company will also use the system for asset modeling and optimization.

"After an extensive vendor evaluation process, we concluded that Caminus had the suite of transaction processing and risk management tools that was most appropriate for TXU and our business," explained Charles Kitowski, Implementation Manager at TXU.

TXU will primarily use the following Zai*Net capabilities: integrated gas and power trading, accounting and risk management; high-end risk analytics – including Monte Carlo VaR with volumetric risk management tools – and the power scheduling module which is being enhanced to provide extensive support for the ERCOT market.

Caminus Corporation is a leading provider of software solutions and strategic consulting services to participants in competitive energy markets throughout North America and Europe. Clients include utilities, electrical power generating companies, energy marketers, electric power pools, gas producers, processors, pipelines and governments.

Caminus software and services enable energy market participants to trade and manage energy transactions, addressing multiple energy commodities and types of risk across varied geographies. In addition, Caminus provides strategic consulting services to many of the leading European energy market participants. The Company has more than 100 clients worldwide, including American Electric Power, Consolidated Edison, Conoco, Preussen Elektra and TXU Electric & Gas. Caminus has a global staff of approximately 200 energy market subject matter experts. The Company is headquartered in New York, with offices in Houston and Dallas; and London and Cambridge, UK.

Edited by Stephen Heiser