Panorama and Epsilon to Provide Straight-Through Processing for All Energy
Trading Activities
NEW YORK, Sept. 15 /PRNewswire/ -- SunGard Trading and Risk Systems today
announced that Reliant Energy, Inc., a Houston-based international energy
services and energy delivery company, has licensed Panorama Energy, SunGard's
integrated solution for the high-end energy industry. Panorama Energy will
provide enterprise-wide risk management and scheduling of energy products for
Reliant Energy.
Panorama Energy is comprised of Panorama, SunGard's enterprise-wide
real-time solution that provides integrated cross-asset trading, market and
credit risk management, and Epsilon, a suite of modules for energy trading and
operations.
Bill Hamilton, vice president of Reliant Energy's Wholesale Group said,
"Reliant selected Panorama Energy for its 'next generation' real-time
capability and complete functional transaction processing. Panorama Energy is
a powerful solution that provides the real-time support we require to move
quickly in today's fast-paced energy trading market, and the ability to extend
the system to meet future needs."
Eddie Meche, vice president and chief risk officer for Reliant Energy
added, "Reliant Energy needs significant flexibility and scalability in a
trading, asset management, and risk management solution. Our businesses are
expanding and diversifying within many rapidly deregulating and changing
markets. SunGard is able to provide us with a comprehensive suite of
integrated products while allowing for the proper degree of customization and
flexibility."
Reliant Energy has been using Epsilon's risk management module with an
internally developed system for trading and scheduling. Panorama will replace
that system and add sophisticated risk management capability to the Epsilon
module. Panorama will also provide real-time pricing, position keeping and
profit and loss generation.
Reliant Energy has also licensed the power and gas scheduling modules of
Epsilon. Based on the successful relationship between the two parties,
Reliant Energy and SunGard will jointly develop these relatively new modules
by using the commercial knowledge that Reliant Energy has gained as one of the
industry's top 10 traders of power and gas.
Scott Olle, president of SunGard's Energy business unit said, "The
advantage of our integrated Panorama Energy solution is that it has the
ability to aggregate data collection into one system on a real-time basis,
resulting in a full front-to-back office solution for energy trading, risk
management and processing. We look forward to rolling out this powerful
straight-through processing solution to other top-tier energy trading firms in
the near future."
About Reliant Energy
Reliant Energy (NYSE: REI), based in Houston, Texas, is an international
energy services and energy delivery company with $20 billion in annual revenue
and assets totaling $30 billion. The company has a wholesale energy trading
and marketing business that ranks among the top five in the U.S. in combined
electricity and natural gas volumes and has a presence in most of the major
power regions of the U.S. It also has power generation and wholesale trading
and marketing operations in western Europe. The company has nearly 27,000
megawatts of power generation in operation in the U.S. and Western Europe and
has announced acquisitions and development projects that will add another
4,000 megawatts. Reliant Energy also has marketing and distribution
operations serving nearly four million electricity and natural gas customers
in the U.S., significant interests in power distribution operations serving
more than 10 million customers in Latin America, and a telecommunications
business serving the Houston area. Visit Reliant Energy at
http://www.reliantenergy.com.
About SunGard
SunGard (NYSE: SDS) is a global leader in integrated IT solutions and
eProcessing for financial services. SunGard is also the pioneer and a leading
provider of high-availability infrastructure for business continuity. With
annual revenues in excess of $1 billion, SunGard serves more than 10,000
clients in over 50 countries, including 47 of the world's 50 largest financial
service institutions. Visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Panorama and Epsilon
are trademarks or registered trademarks of SunGard Data Systems Inc. or its
subsidiaries in the U.S. and other countries. All other trade names are
trademarks or registered trademarks of their respective holders.
SOURCE SunGard Trading and Risk Systems
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CONTACT:
in Europe, Sally Clarke, 44 207 337 1018, or
fax, 44 207 337 6010, or sally.clarke@risk.sungard.com, or in
Asia & The Americas, Adriana Senior, 212-317-7489, or fax,
212-223-0220, or adriana.senior@risk.sungard.com, both of SunGard
Trading and Risk Systems
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