Unitil and Bentek Partner to Augment UsourceTM Energy Analysis Capabilities
Hampton, NH – March 13, 2000: Unitil Corporation (AMEX: UTL) (www.unitil.com)
today announced a strategic partnership with energy analysis software provider
Bentek, LLC, (www.rateminer.com)
of Lakewood, CO. The first project together
will be to incorporate Bentek’s RateMiner gas tariff analysis system into
Usource, Unitil’s Internet-based energy marketplace.
Under the agreement, Usource will take advantage of RateMiner, a national database
of more than 2,000 rates for 130 local utilities and an integrated software
program that quickly and effectively analyzes energy savings. RateMiner is
a powerful tool that will assist Usource to set better pricing targets on
behalf of its customers, saving customers money on their energy procurement.
In addition, RateMiner will allow Usource to better serve its customers
through savings calculations, bill auditing and forward budgeting.
"Our partnership with Bentek will allow Usource to raise the bar in the
Internet-based energy procurement arena, by extending its service offerings
and providing increased value to our customers" said Unitil CEO Bob Schoenberger.
Porter Bennett, CEO of Bentek Energy, LLC, stated "RateMiner is a natural fit
for Usource because it enhances the Usource customer focus. We are very
excited about working with Usource on their continuous improvement process
for the benefit of Usource customers."
Usource, an Internet based energy procurement system serving large commercial
and industrial customers, was launched less than one year ago and continues to
build its customer base in the Northeast. Usource employs the award winning
Enermetrix.com Exchange developed by Enermetrix.com of Maynard, MA
(www.enermetrix.com).
Unlike many Internet sites that merely compare prices
for standard offers by suppliers, Usource utilizes the Exchange as a live
marketplace in which suppliers make firm bids against commitments by
customers to buy their electricity and gas.
Unitil is a public utility holding company with subsidiaries providing electric
service in New Hampshire, electric and gas service in Massachusetts, and
energy services throughout the Northeast. The Usource product line is
operated by its subsidiary Unitil Resources, Inc., and is available at
www.unitil.com. Unitil’s other subsidiaries include Concord Electric Company,
Exeter & Hampton Electric Company, Fitchburg Gas and Electric Light Company,
Unitil Power Corp., Unitil Realty Corp. and Unitil Service Corp.
Bentek Energy, LLC, was founded in 1985 to help clients better understand and
take advantage of the opportunities created by energy deregulation. The
Bentek family of companies includes RateMiner and Bentek Consulting Services,
LLC. Bentek Consulting Services provides proprietary and multi-client
management and market research consulting services. BCS' multi-client
studies focus on the needs of customers in critical market segments.
These cost-effective tools give BCS experienced consultants a detailed
understanding of customers needs and the competitive position of
energy marketers. Using this information, BCS helps clients design
products, target markets and achieve success in highly competitive
energy markets. RateMiner, a Bentek company based in Lakewood,
Colo., offers cost effective and comprehensive solutions to gas
and electric tariff needs. RateMiner’s integrated tariff solutions
include the availability of tariff rate books, daily-updated,
accurate rate models, and advanced analysis software. More
information about RateMiner can be found on the Internet at
www.rateminer.com.
Additional information about Unitil and the Usource products and services
is available at www.unitil.com, or by calling Deborah Overdeput at 603-773-6451.
Contact
Deborah Overdeput
overdeput@usourceonline.comCorporate Office
Liberty Lane West
Hampton, NH 03842-1720
800/999-6501