Houston Street Exchange said its web-based wholesale powertrading floor, HoustonStreet.com, experienced a successful firstmonth of operations as users bought and sold more than 270,000 MWh.It also said that more than 60% (70 out of 110) of the activewholesale power trading companies in the United States have eitherfully registered to trade power on HoustonStreet.com or are in theregistration process.

“The industry is beginning to take note that there is a muchmore efficient and simpler way of trading wholesale power thanusing telephones and static Web sites,” said Frank Getman, HoustonStreet Exchange’s CEO. “To have traded more than 270,000 MWh in thefirst four weeks of HoustonStreet.com’s existence proves that weare answering an industry need and that the market is ready forInternet-based trading.”

The main competition for HoustonStreet.com is Altra’s powertrading system, a company spokesman said. “The main differencebetween our service and [Altra’s] is that to use their service, youneed proprietary software whereas to use HoustonStreet.com, all youneed is a computer with an Internet browser.”

Launched on July 8, 1999, HoustonStreet.com enables users topost offers, make bids, counter and re-counter based on the productand term of their choice. It also allows traders to view theircomplete trading history, sort offers and bids by price, term,volume and delivery point, and trade 24 hours a day, 365 days ayear.

Houston Street Exchange is headquartered in Portsmouth, NH andis a wholly owned subsidiary of BayCorp Holdings, Ltd.

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