Utilities, Inc. Launches new Financial System

NORTHBROOK, Ill.--(EON:Enhanced Online News)--Utilities, Inc. (UI), a national water and wastewater service corporation, today activated an integrated financial and asset management system using Oracle’s JD Edwards Enterprise One software. The new financial system is part of an almost 2 year, multi-million dollar project, implemented with the assistance of Deloitte Consulting, to completely transform UI’s IT infrastructure, financial systems, customer care systems and business processes. This transformation will culminate in the implementation of new customer service and billing operations in the spring of 2008, utilizing Oracle’s Customer Care and Billing System. “Together, the two new systems represent the largest capital project in UI history and are expected to significantly improve UI’s service to its customers and financial reporting capabilities.” said Steve Lubertozzi, Chief Financial Officer. “Due to the number of states in which we operate, and the numerous different systems for which we file regulatory data, the new financial system will definitely aid us in providing information to the various different commissions.” said John Hoy, Chief Regulatory Officer.

“Due to the number of states in which we operate, and the numerous different systems for which we file regulatory data, the new financial system will definitely aid us in providing information to the various different commissions.”

About Utilities, Inc.

Utilities, Inc. was formed in 1965 to provide developers with an alternative method to obtain water and wastewater utility service. Today, Utilities, Inc. is a portfolio company of AIG Highstar Capital, and through its approximately 90 subsidiaries, operates over 500 utility systems in 17 states and serves over 300,000 customers.

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