New Software Streamlines Reporting of Emissions Allowance Transfers to EPA

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For Immediate Release

New Software Streamlines Reporting of Emissions Allowance Transfers to EPA

CALIFORNIA, LOS ALTOS, Dec. 3 -/E-Wire/-- ESP (Environmental Software Providers) today announced the release of Version 7.1 of its Allowance Tracking Workstation (ATW) software. The new version includes an XML file transfer capability which takes advantage of the XML upload capability in EPA's new Online Allowance Tracking System (OATS), in order to dramatically streamline the process of notifying EPA of allowance transfers. Users of ATW, the industry's leading emissions allowance management software, will no longer need to make use of an error-prone paper-based system for communicating about allowance transfers with the EPA.

"Our customers have been pushing for elimination of paper-based forms for years," said David Gloski, Executive Vice President of ESP. "The EPA Clean Air Markets Division has a terrific track record of working with industry. This is yet another example of how they are helping to reduce the burden on industry and to make the emissions trading program as efficient as possible."

While EPA's new OATS program allows emissions allowance transfers to be online at a dedicated website, many companies choose to use allowance management systems such as ATW. Such systems enable them to manage their allowance portfolios to optimize portfolio performance and reduce the cost of compliance. The new XML upload capability in OATS allows companies to move transaction information electronically from their own allowance management systems to the EPA. For ATW users, the result is decreased time and increased accuracy in the processing of allowance transfers.

"We're very happy to release OATS to the public," said Janice Wagner, Market Operations Branch Chief of EPA's Clean Air Markets Division. "This program will save industry time and money by making the allowance transfer process web-based and lowering transaction costs."

ESP worked together with EPA as part of an industry group in order to establish the specifications and test the new OATS XML file transfer capability. "We appreciate the efforts of ESP during the initial design of OATS and during the testing phase," said Wagner. "The XML file upload capability should be of benefit to their customers and will help move the industry toward a fully automated emissions allowance portfolio management process."

ATW, a module in the ecoAsset ManagerÃ software suite for emissions allowance portfolio management, is used throughout the power industry and the emissions trading industry to manage SO2 and NOx allowance information across the enterprise. Together with its companion, the Emissions Allowance Risk Manager (EARM), the software provides complete front-to-back-office management of emissions allowance portfolios. For more information about ATW or the ecoAsset Manager suite of products, please contact David Gloski at [REDACTED-PHONE].

ESP provides enterprise software solutions for integrated environmental and compliance management and for management of emissions allowance portfolios. Since 1992, ESP software has been in use to help companies across North America increase environmental control and improve financial performance. Its opsEnvironmental suite is currently in use to manage environmental data and regulatory compliance in over a thousand facilities throughout North America. The company's ecoAsset Manager suite is widely used throughout the emissions allowance trading industry, and is currently responsible for tracking more than 2/3 of all SO2 allowances, or approximately $30 billion worth of assets. For additional information about ESP, please visit www.esp-net.com or call the sales office.

ESP (Environmental Software Providers)

http://www.esp-net.com

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