Provider

New York City-based Caminus Corp., a leading provider of software and strategic consulting services to energy market participants worldwide, announced Tuesday that it has registered with the Securities and Exchange Commission for a proposed underwritten public offering of 3,370,000 shares of its common stock. Of the total, the company will be offering 1,500,000 shares, with the remaining shares offered by certain selling stockholders. The registration statement also covers an additional 505,500 shares that will be subject to an option granted to the underwriters for over-allotments, if any. The company currently has 17.9 million common shares outstanding. The managing underwriters of the offering are Banc of America Securities LLC, Robertson Stephens and Wachovia Securities. Caminus also said late Tuesday that a number of leading energy utilities, producers, pipelines, gas and power marketers, physical and financial traders, and integrated energy companies have licensed software spanning all of the company’s product lines during the fourth quarter of 2001. Customers included Eni S.p.A., Hess Energy Trading Co. LLC, Nicor Enerchange LLC, RWE Trading Americas Inc., Sequent Energy Management LP. and Prior Energy. In addition, the company said that a lot of existing customers, including American Electric Power Service Corp. and PG&E Gas Transmission Corp., licensed additional software during the fourth quarter.

The Georgia Public Service Commission has approved a plan to establish a provider of last resort (POLR) to allow natural gas customers disconnected for non-payment to reconnect their service. The commission chose Florida-based marketer Infinite Energy Inc. as the POLR, overcoming what was thought to be strong support for the frontrunners, considered to be Atlanta Gas Light, Georgia Natural Gas Services and Scana Energy. In a vote of 3-2, with Commissioners Lauren “Bubba” McDonald Jr. and Stan Wise voting “no,” the PSC’s proposal would have customers paying a $150 deposit to be reconnected. However, the customers would not have to make payments on any past due balances owed to other marketers before being reconnected. Customers would pay 10 cents above Infinite’s current market rate and be charged a $11.95 monthly customer service charge for the service. The GPSC last week also approved new electricity rates for Georgia Power Co., resulting in a $354 million reduction in the company’s revenues over the next three years. The ruling came despite the utility’s request for a rate hike totaling $103 million in additional revenues over the next five years. The reduction represents a decrease of about $1.40 for the average residential customer’s monthly bill. The commission vote was 4-1, with Commissioner Robert Baker voting no. Had the GPSC approved the rate increase over five years, residential rates would have increased by 1.2% per year on average.

The Georgia Public Service Commission on Tuesday approved a plan to establish a provider of last resort (POLR) to allow natural gas customers disconnected for non-payment to reconnect their service. The commission chose Florida-based marketer Infinite Energy Inc. as the POLR, overcoming what was thought to be strong support for the frontrunners, considered to be Atlanta Gas Light, Georgia Natural Gas Services and Scana Energy.

The NewPower Co., the national retail energy provider founded by Enron, IBM and America Online in May of last year, said Enron’s bankruptcy has forced it to terminate its supply contracts with the company and take an expected fourth quarter charge of about $110 million. The company, however, said its previous fourth quarter estimate of a loss of 65 cents to 73 cents per share remains on target.

As expected, Tulsa-based Williams Cos. said Friday it would spinoff its broadband network services provider Williams Communicationsin the form of a dividend by distributing nearly 400 millionshares, about 95% of Williams Communications common stock, toholders of the parent common stock.

The New Power Co. (TNPC), the first nationally branded providerof electricity and natural gas to residential and small commercialcustomers in the United States, reported yesterday that itsrevenues derived from the sale and delivery of the commodities toretail customers during the third quarter for 2000 was $18.2million. Gross profit for the new company was $1.3 million (7.2% ofrevenues). The net loss for the quarter was $69.9 million, or $2.96per basic share, based on 23,581097 weighted average common sharesoutstanding. “This was a quarter of important progress for The NewPower Company, as we achieved both our overall financialperformance targets and business objectives,” commented H. EugeneLockhart, CEO. “Additionally, the successful completion of our IPOjust after the close of the quarter enabled us to raise $546million, firmly positioning New Power as the first mover inestablishing a national brand to address the $150 billionderegulating electric and natural gas marketplace for residentialand small commercial customers.” The company hopes to achieverevenues of $60 to $63 million for the fourth quarter, with ayear-end customer count in the area of 340,000.

The New Power Co. (TNPC), the first nationally branded provider ofelectricity and natural gas to residential and small commercialcustomers in the United States, reported yesterday that its revenuesderived from the sale and delivery of the commodities to retailcustomers during the third quarter for 2000 was $18.2 million (seeDaily GPI, Nov 6). Gross profit for thenew company was $1.3 million (7.2% of revenues). The net loss for thequarter was $69.9 million, or $2.96 per basic share, based on23,581097 weighted average common shares outstanding. “This was aquarter of important progress for The New Power Company, as weachieved both our overall financial performance targets and businessobjectives,” commented H. Eugene Lockhart, CEO. “Additionally, thesuccessful completion of our IPO just after the close of the quarterenabled us to raise $546 million, firmly positioning New Power as thefirst mover in establishing a national brand to address the $150billion deregulating electric and natural gas marketplace forresidential and small commercial customers.” The company hopes toachieve revenues of $60 to $63 million for the fourth quarter, with ayear-end customer count in the area of 340,000.

Altra Energy Technologies has teamed up with Epicentric Inc., aprovider of e-commerce portals, to form a new subsidiary that willsupply an “end-to-end e-business solution” that enables energycompanies to create their own privately branded portals. Thejointly owned Altra E-Business Solutions’ first offering will be awholesale energy trading portal, which integrates every tradingelement into a single personalized browser.

Altra Energy Technologies has teamed up with Epicentric Inc., aprovider of e-commerce portals, to form a new subsidiary that willsupply an “end-to-end e-business solution” that enables energycompanies to create their own privately branded portals. Thejointly owned Altra E-Business Solutions’ first offering will be awholesale energy trading portal, which integrates every tradingelement into a single personalized browser.