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Prenova Scores Extension With Sporting Goods Chain For Energy Management:
Prenova continues to provide savings through Price Risk Management

Contact:  Kathy Montgomery, VP of Marketing & Strategic Design
678.581.8225 or kmontgomery@prenova.com

ATLANTA, GA – December 30, 2005 – Prenova announced today that a large regional sporting goods retailer has agreed to extend its Agreement with Prenova for one additional year. Prenova currently provides the customer with Price Risk Management, Rate and Tariff Optimization, and PreVue®. PreVue provides a window into the customer’s energy costs and performance. Its digital dashboard and supporting decision analytics tools help plan across the customer’s entire portfolio.

Prenova will 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 will provide the customer its Price Risk Management solution in deregulated energy markets. 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 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.

Prenova's PreVue web application is the "window" through which the customer views, understands, and manages the impact of energy performance. PreVue provides standard views of facility and portfolio performance for usage and cost, and offers quick links to all services rendered by Prenova. The customer accesses a “report card” on the success of Prenova’s initiatives to set, track, and measure the effectiveness of their energy programs, along with the efficacy of Prenova’s initiatives. PreVue is available 24x7x365 and can be configured to fit the goals, needs, and preferences of each individual customer. PreVue empowers customers with the visibility to understand why energy related events are happening, what the events mean, what options are available, how to seize energy savings and avoid hidden risks, along with the related financial impact of customers’ price and usage initiatives.

Sporting Goods Retailer Overview

The customer’s stores sell sporting goods through about 140 locations in more than 10 Midwestern and Northeastern states. The stores average 30,000 square feet and offer gear for team sports, individual endeavors, and outdoor pursuits as well as apparel, fan merchandise, electronics, and fitness machines (treadmills, stationary bikes, steppers, rowers, ellipticals). The customer also carries a full line of casual apparel, footwear, and eyewear for men, women, and children.

About Prenova

Founded in 1997 and headquartered in Marietta, GA, Prenova, Inc. delivers visibility, manageability, and predictability (VMP®) over customers’ energy usage, price, energy-related asset performance, and maintenance costs. Through its energy management solutions, the company works both sides of the energy bill to drive down energy expenditures and thus improve profitability. Prenova’s unique delivery platform enables the company to leverage existing customer assets to produce immediate, enhanced investment returns through reductions in both direct (price, tariff, utility payments) and indirect (usage, assets, maintenance) energy costs, while simultaneously improving reliability of business operations. There are no set-up costs, nor upfront software or hardware required. The value Prenova creates for its customers is significant to their bottom line, and includes the following:

  • reduction in energy usage by up to 30%
  • avoidance of unplanned maintenance/repair costs by up to 40%
  • extended equipment life by up to 30%

Prenova manages billions in annual energy expenditures across tens of thousands of customer locations nationwide. Some organizations that rely on Prenova include Dollar Tree, Crate & Barrel, Owens Corning, Eddie Bauer, Famous Footwear, 24 Hour Fitness, U.S. Cellular, and Costco. For more information, please visit www.prenova.com.