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Triple Point: PPL Services Corporation Selects Triple Point for Credit Risk Management

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^{Published in Business and Finance on Tuesday, March 24th 2009 at 7:14 GMT, Last Modified on 2009-03-24 07:15:24 by Market Wire}  

WESTPORT, CT--(Marketwire - March 24, 2009) - [ Triple Point Technology ]®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that PPL Services Corporation (NYSE: [ PPL ]), with assets of $19B, has selected Commodity XL™ to manage its energy credit risk processes. Credit risk modules licensed by PPL include [ Commodity XL™ for Credit Risk ], Credit Analytics, Credit Scoring and Contract Management.

Headquartered in Allentown, PA, PPL controls more than 11,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to about 4 million customers in Pennsylvania and the United Kingdom.

PPL required a credit risk system to help manage the risks associated with its generation business including net open positions, non-performance by counterparties, contract valuation and interest rate risk. "Our company needed an enterprise credit risk system to support current energy trading operations and expansion in our generation business," said Donald R. Loughney Jr., director of trading controls, PPL. "After reviewing a variety of options, we chose Triple Point to help PPL achieve disciplined growth in energy supply margins, while limiting volatility in cash flows and earnings."

PPL joins [ The Energy Authority ] and [ Electrabel ] in its recent selection of Triple Point's comprehensive software solution suite for credit risk management -- clearly affirming Triple Point's unmatched ability to provide its clients with the most effective solution to manage credit risk activities and deliver timely information for confident decision-making. Other notable companies that have implemented the credit risk solution include New York's Independent System Operator (NYISO), Electric Reliability Council of Texas (ERCOT), ConocoPhillips, Southern California Edison, BG Group and FirstEnergy.

"Commodity and energy markets are endorsing Triple Point's capacity to provide the most effective solution available to manage credit risk activities at the enterprise level," said Dan Reid, VP, credit risk division, Triple Point. "A major draw is our ability to offer the leading modules for credit risk and credit analytics (PFE) that can be implemented as standalone solutions or pre-integrated with trading and risk."

Triple Point was recently voted the [ #1 Credit Risk Software Vendor ] by Energy Risk magazine in 2009. The magazine's annual software survey asks users to evaluate top software vendors based on their functionality, usability, performance, return on investment and reliability. Triple Point also garnered top rankings in trade capture, operational risk, and physical and financial integration, further illustrating the depth and breadth of its multi-commodity platform.

About Triple Point Technology

Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point's [ Commodity XL ] profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, base and precious metals, agricultural products, biofuels and freight. In addition to Triple Point's award-winning commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other organizations with large raw material and energy exposure, including consumer products (CP), discrete manufacturers and big box retailers, are quickly adopting the Triple Point solution. Named to the Deloitte Technology Fast 50 for ten straight years, Triple Point added to its record-breaking organic growth in 2008 with the acquisitions of INSSINC, the leading provider of hedge accounting and fair value level software and ROME Corporation, the industry leader in credit risk software solutions. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from nine development and support centers located around the globe. More information is available at [ www.tpt.com ].