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ATLANTA, July, 2007 - Prenova announced today that it will provide Utility Management solutions, as well as the management of energy price volatility for a well-known contemporary women’s clothing retailer. These solutions will include Bill Payment, Rate and Tariff Optimization, Price Risk Management and Utility Due Diligence.
Through its Utility Management solution, Prenova provides utility bill payment in partnership with a third-party service provider to assume and streamline bill payment activities, including gas, electric, water and telecommunications. Prenova assures accurate and timely management of the bill payment process and the mitigation or elimination of late fees. Prenova then stores the utility data in its data warehouse and performs a series of powerful proprietary processes to identify bill errors (including rate and tariff reviews) and anomalies, which Prenova then investigates and resolves. In the event of errors from the billing party, Prenova notifies the party, and obtains a credit or refund on the customer’s behalf. Prenova then ensures that these corrections are sustained in all subsequent bills.
Prenova will also provide the customer its Rate and Tariff Optimization solution and Price Risk 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 the Women’s Clothing Retailer
This stylish women’s apparel and accessory retail chain operates more than 250 stores across the United States, Virgin Islands, Puerto Rico and Canada. The founder built the stores on the concept that a major demographic was left untouched by the fashion world, and soon a successful chain of stylish women’s clothes was formed.
About Prenova
Founded in 1997 and headquartered in Marietta, GA, Prenova’s clean energy management solutions deliver economical, reliable, environmentally friendly energy to match our customers’ needs. Prenova’s unique delivery platform enables the company to leverage existing assets to produce immediate, enhanced investment returns through reductions in both direct (price, tariff, utility payments) and indirect (usage, assets, maintenance) energy costs. The result is an unrivaled level of hard dollar savings plus a sustained reduction in energy consumption and carbon gas emissions, all while improving the reliability of business operations.
Prenova is a premier energy conservator - our solutions maximize energy efficiencies in our customers’ operations. We link our customers’ facilities together with our technology and service solutions enabling customers to do more with less – the ultimate in conservation efforts. Prenova’s focus on optimizing assets and equipment yields a high impact outcome: significant reduction of energy costs, increased reliability of energy-related systems critical to business operations, and a dramatic reduction in harmful emissions. We drive asset efficiency to revolutionize energy conservation.
The value that Prenova creates for its customers is significant to their bottom line, and includes:
- Reduce energy consumption by 10-20%
- Reduce the price paid for energy by 2%-5%
- Reduce unplanned maintenance service call-outs by up to 70%
- Increase asset life by up to 30%
Prenova manages billions in annual energy expenditures across hundreds of thousands of customer locations across North America. Some organizations that rely on Prenova include Brinker, Coldwater Creek, Costco, Crate & Barrel, Dollar Tree, Dunham’s Sports, Eddie Bauer, Famous Footwear, Home Depot, Mark’s Work Wearhouse, Quiznos, Seneca Foods, 24 Hour Fitness, U.S. Cellular and West Marine.
For more information, please visit www.prenova.com. |