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    ABB Acquires Energy Interactive Inc., Leading Provider Of Energy Information

    Norwalk, Conn., August 17, 2000 -- ABB has acquired Energy Interactive Inc. (EI), a leading provider of energy information software and services. Terms of the deal were not disclosed.

    The new business will be called ABB Energy Interactive and will be headquartered in Oakland, Calif., in EI’s existing offices. The company will be a subsidiary of ABB Power T&D Company, within ABB’s Energy Information Systems business. John Powers, who has been president of EI, will continue to head the operation under ABB control.

    “This is a strategic move for ABB,” said Richard Siudek, president of ABB Power T&D Company Inc. “EI and ABB share many utility customers and clients, and by combining resources we can greatly improve and expand our offerings to these businesses. The acquisition expands ABB’s presence in the North American retail market as an internet-based application service provider, complementing its extensive central market and wholesale businesses.”

    EI's product and service offerings are designed to help energy providers elevate the level of service they deliver to their customers, and to differentiate themselves in a competitive environment. As the trend toward deregulation continues across North American energy markets, demand for such products and services is increasing rapidly.

    “The real winners in this acquisition are the customers and clients of EI and ABB,” Powers said. “ABB’s scope of supply now runs the gamut from back-office generation and transmission operations to customer-facing applications such as billing and Internet-based energy information services.

    ”ABB and EI serve clients ranging from small energy service providers and municipal utilities to the largest investor owned utilities, power exchanges, and independent system operators. EI’s offerings include tools for advanced billing, load data validation and estimation, energy usage and pricing analysis, and a variety of value-added online energy information services.

    “We see enormous opportunities throughout the retail space right now,” added Powers. “ABB Energy Interactive will capitalize on these opportunities quickly. We’re especially excited about greatly expanding the reach of our Internet services, which help energy customers demystify energy prices and usage.” (END)

    ***
    ABB Energy Interactive is a leading developer of energy information systems and services. Located in Oakland, Calif., EI provides tools for electric and gas utilities, power marketers, aggregators, energy service providers, and major energy consumers. Information about EI's products and services can be found by clicking the above link.

    With headquarters in Raleigh, N.C., ABB Power T&D Company Inc. is a leading supplier of power transmission and distribution equipment, systems and solutions to utilities as well as to industrial and commercial consumers.

    ABB, with U.S. headquarters in Norwalk, Conn., serves customers in automation; power transmission and distribution; oil, gas, and petrochemicals; building technologies; and financial services. U.S. operations employ over 16,000 people at manufacturing and other facilities in 40 states.

    Worldwide, ABB Group reported revenues of $25 billion in 1999. With novel IT applications, tailored software solutions, growing eBusiness, and a fast-expanding knowledge and service base, ABB is building links to the new economy. The ABB Group employs about 165,000 people in more than 100 countries.

    Last edited 2004-07-12
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