The Southern Company Selects INSSINC's 'FUTRAK' Power, Natural Gas, Fuel Oil, Interest Rate Hedging and FAS-133 – All In One Database

The Southern Company, one of the largest electric utilities in the nation, has licensed FUTRAK for hedging. "We are pleased that Southern Company has chosen to select and deploy our software," stated Director of Sales, Rich Kulaszewski. "INSSINC already enjoys a robust and growing installed base, and the signing of Southern Company among fierce competitors solidifies that FUTRAK is the de-facto standard in the FAS-133 space period."

The Southern Company (SO on the NYSE Atlanta, GA) is the holding company for Alabama Power, Georgia Power, Gulf Power, Mississippi Power and Savannah Electric, each of which is an operating public utility company. The operating companies supply electric service in the states of Alabama, Georgia, Florida, Mississippi and Georgia, respectively. In addition, the Company owns Southern Power, which is also an operating public utility company. Southern Power is the primary growth engine for Southern's competitive wholesale market-based energy business. Southern was introduced to INSSINC at the Energy Power Risk Management Show in Houston, Texas. "One of the issues confronting Southern was how to properly account for their natural gas storage hedges," according to Account Executive, Kevin Kinsella. After an on-site visit to INSSINC’s world-class headquarters, representatives of Southern did exhaustive research and testing on FUTRAK to conclude that it was the most versatile and effective software for FAS-133 hedge accounting. Southern went on to sign with INSSINC because of its ability to deliver an on-site comprehensive software solution with SQL server, while the other companies could not.

INSSINC has provided corporations with transaction management and risk management software for over 20 years. Founded in 1983, INSSINC provides risk management and FAS 133 software that can be deployed as an ASP or on-site with SQL server to E&P, gas gatherers, pipelines, refiners, petrochemical firms, power utilities, LDC’s energy retailers, municipals, cooperatives, and energy merchants. In addition, they provide support for natural gas, crude, power, NGLs and refined products.

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