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Posted: Nov 30, 2007
Waterloo Restaurant Ventures to Enjoy Generous Portions of Savings with Prenova's Price Risk Management Solution
ATLANTA, GA - November 30, 2007 - Prenova announced today that it will provide Price Risk Management to Waterloo Restaurant Ventures, a Vancouver, Washington-based domestic franchise partner of Brinker International that is extending the reach of the Macaroni Grill brand. Based on the success of Prenova’s Price Risk Management program at Brinker International, Waterloo made the decision to select Prenova as its Energy Management Partner. They have contracted for Price Risk Management to be implemented in all current and future locations.
As part of its Price Risk Management solution for Waterloo, Prenova will provide the customer its Rate and Tariff Optimization solution and Supply Management in regulated and deregulated energy markets, respectively. Through the Rate and Tariff Optimization solution, Prenova identifies the best possible regulated commodity rate for each relevant site in the customer’s portfolio. Prenova’s Price Risk Management solution addresses the optimization of cost and risk in procuring electric and gas energy for the enterprise. Price Risk Management includes the continuous review of market conditions to assess and determine both the potential near-term and future impact on financial outlooks these market changes create for the customer’s energy supply portfolio in terms of potential savings or risks. Price discovery, and then the setting of a strike price by market, is a critical part of this solution. Prenova then develops strategies and plans for managing price and risk, recommends specific actions to the customer, executes the agreed actions, and performs Quality Assurance to ensure that changes are accurately implemented.
About Waterloo Restaurant Ventures
Waterloo Restaurant Ventures is developing the Macaroni Grill restaurant brand in the Northwest and in New England. Waterloo has the rights to develop over 30 Macaroni Grills in the Pacific Northwest where they currently operate 11 restaurants in this brand with definitive plans to build out the others. They have recently finalized the purchase of an additional 16 restaurants in the New England area.
About Prenova
Prenova helps companies control energy spend by reducing utility costs and improving energy efficiency. We work hand-in-hand with our customers to develop an energy strategy that fits their unique business needs. Then we help them implement this strategy consistently across the organization by providing services that span the entire energy lifecycle. From sourcing energy to controlling energy consumption, Prenova’s solutions can reduce energy spend by 10-20%. That’s why companies like Burger King, Costco, Dollar Tree, Dress Barn, and Home Depot turn to Prenova.
For more information, please visit www.prenova.com.
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