Pioneering Software Solution Eases Burden of Reporting FERC-Mandated Information

DALLAS, TX, June 10, 2009 – Allegro, the leading provider of energy trading and risk management (ETRM) solutions,  has announced the release of FERC Connect 8.1, a pioneering advancement within the Allegro 8 platform that provides an automated process for extracting, compiling and reporting FERC-mandated information for the natural gas and power markets.

Due to the current economic state and tightening requirements for increased transparency in energy markets, new regulatory requirements are frequently being added by the Federal Energy Regulatory Commission (FERC) for the transmission and sale of natural gas, electricity and oil.  These new reporting requirements have resulted in the need for an integrated and simplified way of meeting escalating FERC requirements in an automated, timely manner.

Allegro’s FERC Connect 8.1 component automates the extraction and compilation of all transactional natural gas and electricity data needed to meet current FERC Form No.552 and FERC Electric Quarterly Report (EQR) regulatory reporting requirements, greatly simplifying the steps necessary to be fully compliant with FERC regulations.

“The extreme complexity of energy organizations and markets create special challenges for regulatory reporting,” said Michael W. Hinton, Allegro Chief Marketing Officer.  “For years, energy companies have invested an enormous amount of manpower and time in extracting, interpreting and compiling this information across numerous business groups and subsidiaries, which places a great deal of internal stress on the organization.  Allegro developed FERC Connect 8.1 specifically to relieve the pains associated with meeting FERC reporting requirements.”Upon validation of the data generated via FERC Connect 8.1, an automated report is created, which can then be uploaded to FERC in an accurate and timely fashion.  Since it is fully integrated with the Allegro 8 platform, the FERC Connect 8.1 component provides the necessary flexibility to support new and future North American FERC regulations.  Currently, Allegro is the only ETRM software provider that offers a solution for FERC regulatory reporting.

Through its Service Oriented Architecture (SOA), Allegro continues to deliver comprehensive solutions for regulatory compliance that also enable companies to better manage operations and risk.  The Allegro 8 solution integrates all energy business processes into one platform, eliminating the need for off-system spreadsheets and storage.  Every document, message and user action is tracked and archived, and all compliance activity is tightly integrated with business processes and operations across the enterprise.

About Allegro Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 27 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Christie Lindstrom at media@allegrodev.com or +1.214.237.8117.