CopperLeaf to Deliver Asset Plans & Supporting Technology to Help Optimize the Life Cycle Value FCRPS Generating Stations
Vancouver, BC, February 7, 2007 – CopperLeaf Technologies Inc., a leading provider of Asset Investment Planning (AIP) solutions, today announced it has been chosen by Sierra Pacific Resources (NYSE: SRP) to deliver strategic asset investment planning services and pilot its ESP solution. ESP is CopperLeaf’s flagship AIP and analytics solution that enables utilities and other asset-intensive organizations to optimize the life cycle of their assets.
Sierra Pacific Resources provides electricity to over one million customers throughout Nevada and in north-eastern California. Communities served include Las Vegas, Reno-Sparks, Henderson, Elko, and South Lake Tahoe. Sierra Pacific Power also provides natural gas to over 120,000 customers in the Reno-Sparks area. The performance of generating assets and effective investment planning is a top priority for Sierra Pacific Resources. Sierra Pacific faces the challenge of a 6% growth rate, the highest of any electric utility the country. Sierra Pacific recognizes that investment planning for long-term performance of their generating assets is a critical element to meet the business challenges associated with this growth rate.
Sierra Pacific Resources has contracted CopperLeaf to provide thought leading advisory services and to assist in development of strategic investment plans for their core generating assets. Additionally, ESP is being piloted as the AIP solution for Nevada Power, a subsidiary of Sierra Pacific Resources. The pilot of ESP will enable centralization and standardization of asset data to drive asset-based analytics around the financial, risk, and operational impacts of varying strategic investment alternatives.
ESP is an enterprise-wide AIP solution that drives an asset-centric approach to planning and budgeting for asset-intensive organizations. It connects disjointed processes through a single tool designed to support investment decision analytics in asset intensive organizations. Analytics include expenditure identification, investment portfolio optimization using multiple attributes, financial and performance modeling, risk analysis, budgeting and performance reporting. ESP is a multi-year, multi-user web-based solution that allows comprehensive plans to be created and analyzed while avoiding the problems inherent with managing organization-wide spreadsheets models or creating work orders and project IDs for planning. Advanced modelling and decision support analytics allow users to leverage information about their assets, the market, constraints, and business objectives to drive asset performance.
About Sierra Pacific Resources
Sierra Pacific Power has served customers in northern Nevada and north-eastern California for over 150 years, and Nevada Power has served Las Vegas and southern Nevada since 1906. Nevada Power and Sierra Pacific Resources merged in July 1999 to create one of the fastest growing energy companies listed on the New York Stock Exchange. Its service area covers approximately 54,500 square miles of the fastest growing state in the U.S. Sierra Pacific’s vision is to create a premier distribution, transmission and energy services company. For more information visit www.sierrapacific.com.
About CopperLeaf Technologies
CopperLeaf Technologies Inc. provides leading Asset Investment Planning (AIP) solutions that enable asset intensive organizations to maximize the life cycle value of their assets. CopperLeaf provides thought leadership and the enabling technologies to improve the long-term performance of energy companies and utilities, transportation, government, and other asset intensive organizations. Its solutions are built on a base of extensive experience in strategy and business process consulting to asset-based organizations. CopperLeaf brings together the skills of management consultants and technology professionals who have assisted clients worldwide to implement best practices in finance, planning, engineering, asset management, and rate design. For more information visit www.copperleaf.com.
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CopperLeaf Technologies Inc.
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