TransEnergy Management and SABRE Energy Network will interfacetheir respective software products. Under the agreement, users willhave the ability to submit pipeline nominations and to receiveconfirmations through TransEnergy’s Energy Marketing Systemelectronically using SABRE Energy’s SEN*Net product. SEN*Net is astandardized alternative to the numerous pipeline electronicbulletin boards (EBBs) through which most nominations andconfirmations for gas transactions are now made.
“TransEnergy’s Energy Marketing System coupled with SEN*Netgives our customers a competitive advantage by reducing transactioncosts and increasing transaction throughput,” said Stuart Maudlin,president of SABRE Energy Network. “Using the interface,TransEnergy users will be able to trade closer to nominationdeadlines, since they will not have to enter the nominations into anumber of different pipeline EBBs. Additionally, pipeline users ofTransEnergy’s Energy Transportation System will be able to receivenominations and send confirmations to marketers through SEN*Net.”
SABRE Energy Network is a joint venture of The SABRE Group andColumbia Energy Group.
Meanwhile, competitor Altra Energy Technologies has signed upfour new clients for its transaction management service. The newcustomers include: Central Illinois Light Company (CILCO), CNGEnergy Services, PanCanadian Petroleum and QST Energy Trading.
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