Pantellos Announces First Commercial Transactions

THE WOODLANDS, Texas, Sep 21, 2000 (PRNewswire)à‚– Pantellos, the eMarketplace for the utility and energy industry, and Ontario Power Generation (OPG), a major North American electricity generating company, based in Ontario, Canada, announce the completion of the first commercial transactions powered by the Pantellos eMarketplace.

“We are very pleased at the outcome of this event for OPG, and feel that the success of this event sets a very positive precedent for the continued value that we expect to gain through Pantellos’ services,” said Bill Smith, Vice President Supply Chain at OPG.

Pantellos hosted a successful auction event for OPG involving seven suppliers, approved by OPG. The suppliers bid on 6-month supply contracts for multiple lots of chemicals used in OPG plant operations. OPG used several of Pantellos’ market-making capabilities to prepare for and conduct the auction event. Dynamic solutions are only one of a fully integrated suite of supply chain capabilities currently under development.

“This is a landmark moment for Pantellos and its customers, and a major step toward realizing the vision and launching initial services,” said Graham Collins, Pantellos COO.

à‚© 2000 PR Newswire. All Rights Reserved.

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