Retx.com and ABB Power T&D to License Internet Energy Tool

11/22/1999

ATLANTA, GA-Retx.com, Inc., the nation's first Internet-based retail energy information clearinghouse, has licensed from ABB Power T&D the netplus™ customer information systems package for application in North America, announced Retx.com President and CEO, Ross D. Malme.
"Adding ABB's netplus application to the Retx.com toolchest substantially enhances the services we bring to the energy industry," says Malme. "Our Internet transaction clearinghouse now includes a full range of customer information management interchanges that can be individually tailored to retail energy companies and offer them a complete solution for the new open, competitive markets."

With the addition of the netplus application to Retx.com's Internet-based transaction engine and portal, the company can provide its customers with a secure, fast and reliable means of managing customer information. Specific services include applications such as customer enrollment, supplier registration, work order request and tracking, asset management, and supply chain information tracking.

Says Malme, "With twenty one states mandating customer choice, and more states to follow, the need for the efficiencies Retx.com provides to Utility Distribution Companies (UDCs) and Energy Service Providers (ESPs) is vital to their competitive edge. With this license agreement between ABB and our company, our suite of application services provides a vital marketing and service delivery edge where everyone benefits, including the end-consumer."

Retx.com is a provider of Internet business to business electronic commerce services for the $270 billion deregulating energy industry. Founded in 1999 by a group of energy industry leaders, Retx.com has pioneered the use of online hardware and software technologies that simplify and lower costs for incumbent utilities and energy market retailers to process their customer transactions.

ABB Energy Information Systems, a unit of ABB, develops and markets a wide range of software products and systems to the electric power industry. ABB provides applications for the emerging energy trading market allowing energy traders, energy service companies, and power exchanges to become more efficient in web-based trading, forecasting, bidding, and monitoring the bulk and retail power market. It is also the global leader in high-level information management, bulk power business management, decision support and forecasting for large power systems. With office locations in Australia, Germany, Sweden, the UK, and the USA, ABB Energy Information Systems has the global response to your software needs and can be found at www.abb.com/eis.

ABB, with U.S. headquarters in Norwalk, Conn., serves customers in power transmission and distribution; automation; oil, gas, and petrochemicals; industrial products and contracting; and financial services. ABB had U.S. orders of approximately $6.1 billion in 1998 and employed about 20,000 at manufacturing and other facilities in 41 states. (www.abb.com/usa). Worldwide, ABB Group reported orders of $31 billion in 1998. The Group employs about 175,000 people in more than 100 countries, (www.abb.com).

Retx.com and ABB Power T&D to License Internet Energy Tool
11/22/1999
ATLANTA, GA-Retx.com, Inc., the nation's first Internet-based retail energy information clearinghouse, has licensed from ABB Power T&D the netplus™ customer information systems package for application in North America, announced Retx.com President and CEO, Ross D. Malme. "Adding ABB's netplus application to the Retx.com toolchest substantially enhances the services we bring to the energy industry," says Malme. "Our Internet transaction clearinghouse now includes a full range of customer information management interchanges that can be individually tailored to retail energy companies and offer them a complete solution for the new open, competitive markets." With the addition of the netplus application to Retx.com's Internet-based transaction engine and portal, the company can provide its customers with a secure, fast and reliable means of managing customer information. Specific services include applications such as customer enrollment, supplier registration, work order request and tracking, asset management, and supply chain information tracking. Says Malme, "With twenty one states mandating customer choice, and more states to follow, the need for the efficiencies Retx.com provides to Utility Distribution Companies (UDCs) and Energy Service Providers (ESPs) is vital to their competitive edge. With this license agreement between ABB and our company, our suite of application services provides a vital marketing and service delivery edge where everyone benefits, including the end-consumer." Retx.com is a provider of Internet business to business electronic commerce services for the $270 billion deregulating energy industry. Founded in 1999 by a group of energy industry leaders, Retx.com has pioneered the use of online hardware and software technologies that simplify and lower costs for incumbent utilities and energy market retailers to process their customer transactions. ABB Energy Information Systems, a unit of ABB, develops and markets a wide range of software products and systems to the electric power industry. ABB provides applications for the emerging energy trading market allowing energy traders, energy service companies, and power exchanges to become more efficient in web-based trading, forecasting, bidding, and monitoring the bulk and retail power market. It is also the global leader in high-level information management, bulk power business management, decision support and forecasting for large power systems. With office locations in Australia, Germany, Sweden, the UK, and the USA, ABB Energy Information Systems has the global response to your software needs and can be found at www.abb.com/eis. ABB, with U.S. headquarters in Norwalk, Conn., serves customers in power transmission and distribution; automation; oil, gas, and petrochemicals; industrial products and contracting; and financial services. ABB had U.S. orders of approximately $6.1 billion in 1998 and employed about 20,000 at manufacturing and other facilities in 41 states. (www.abb.com/usa). Worldwide, ABB Group reported orders of $31 billion in 1998. The Group employs about 175,000 people in more than 100 countries, (www.abb.com).