TransCapacity announced the creation of the gas coordinationsystem (GCS), a tool to communicate and coordinate transactionintentions to external parties so gas can be bought, sold andtransported. TransCapacity’s suite of services works as a GCS tocollect and disseminate information a user can import into its gasmanagement system (GMS).

The announcement coincides with FERC Order 587G, issued April15, which ruled on Internet EBBs versus EDI. TransCapacity’s GCSmeets the June, 1999 FERC requirements for Electronic DataInterchange (EDI), which state pipelines should discontinueElectronic Bulletin Boards (EBBs) by June 1, 1999 and convert toEDI.

“Our GCS communicates and coordinates transaction intentions toexternal parties so that all gas capacity and commodity deals arecoordinated and actually transpire,” said Greg Lander,TransCapacity president. “In addition, the GCS helps the usergather accurate, quality information for its gas management system(GMS). Without a GCS, a trading organization is at a disadvantagebecause all of its ‘deals’ require more manual work and aregenerally more complicated than necessary.”

Gas coordination systems are different from gas managementsystems. A GMS is designed to track internally significantinformation such as counter party, contract, price, quantity, dealduration, deal type and deal locations. These components give thebasic information about each deal and, in a GMS, while the dealschange, the items used to track them rarely change. However,pipelines need more information to coordinate with operators andlocal distribution companies (LDCs). This is where GCSs take over.GCSs are primarily designed to collect and disseminate informationneeded by others to coordinate transactions.

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