Triple Point Provides Utility with FAS 133 Hedge Accounting Software Solution

Comprehensive solution profitably manages hedge accounting and risk management activities

WESTPORT, Conn.--(EON: Enhanced Online News)--Triple Point Technology^®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Arizona Public Service Company (APS) has selected Commodity XL for Hedge Accounting™ to ensure FAS 133 compliance.

APS generates, sells and delivers electricity and energy-related products and services in the western United States and services non-residential clients ranging from commercial and industrial entities, healthcare, hospitality, educational campuses and local, State and Federal institutions.

APS uses financial derivatives to hedge price movements in power and natural gas and must comply with Financial Accounting Standard (FAS) 133 to receive beneficial hedge accounting treatment. APS was seeking improved efficiency and better control over its hedge accounting processes through automation.

Commodity XL™ is the leading multi-market commodity and enterprise risk management solution that meets all of the requirements for supply, trading, marketing, logistics, scheduling, risk management and accounting in today's volatile and complex environment: multi-commodity management, business intelligence and analysis tools for proactive decision-making, real-time integration of physical and financial positions, advanced service-oriented architecture (SOA) and comprehensive enterprise risk management covering the four key areas of corporate financial exposure: operational risk, market/price risk, counterparty credit risk and corporate governance and regulatory compliance risk.

About Triple Point Technology

Triple Point Technology^® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point’s Commodity XL™ profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, base and precious metals, agricultural products, biofuels and freight. In addition to Triple Point's award-winning commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other organizations with large raw material and energy exposure, including consumer products (CP), discrete manufacturers and big box retailers, are quickly adopting the Triple Point solution. Named to the Deloitte Technology Fast 50 for ten straight years, Triple Point added to its record-breaking organic growth in 2008 with the acquisitions of INSSINC, the leading provider of hedge accounting and fair value level software and ROME Corporation, the industry leader in credit risk software solutions. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from nine development and support centers located around the globe. More information is available at www.tpt.com.