Louisville, Ky., November 3, 2005 – Inc. magazine recently released its 24th annual Inc. 500 ranking of the fastest-growing private companies in the country. Genscape, Inc. ranks No. 288 on the list, with three-year sales growth of 438%.

Genscape’s inclusion is a tremendous achievement following last year’s performance at #47. The list is calculated based on revenue growth, and a repeat appearance is very difficult. Other past repeat winners include: Oracle, Timberland, and Microsoft, to name just a few.

According to Sean O’Leary, Genscape CEO, “Being recognized among the most successful privately held companies in the U.S. is a source of great pride for us. We are constantly working to improve our business and it’s nice to receive recognition like this that indicates we’re doing the right things. This is a testament to a great team we’ve formed which includes our staff, board of directors, and customers.”

Genscape, Inc. is the originator of real-time power supply information. Genscape’s patented technology allows the company to estimate power plant outputs and determine the health of the power grid on a real-time basis. Genscape collects this information from a network of nearly 2,000 wireless monitoring devices across the United States and Europe. The company sells this critically important information through an annual subscription service to a customer base that includes the majority of the top 50 U.S. and European power generating, trading and marketing companies, as well as the Department of Homeland Security and the Federal Energy Regulatory Commission. Genscape provides this information to its customers through its award-winning, web-based interface.

Genscape was founded in 1999 to serve the energy market’s need for better information. Genscape introduced its power monitoring technology in 2001, with the company’s network developing rapidly since then to cover more than 400 power plants and power transmission pathways across the U.S. and Europe. While continuing to grow the power monitoring network, the company’s recent expansion plans have included the development of monitoring technologies for additional energy markets such as natural gas and oil, and the creation of a publications division which provides important fundamental information for energy-related markets such as coal, emissions, and natural gas.

Genscape has received various other awards including the Platt’s Global Energy Award, Business First’s Fast 50, and the company’s founders were named Ernst & Young Entrepreneurs of the Year in 2003.

CORPORATE INFORMATION

Genscape, Inc. is a privately held company headquartered in Louisville, Ky. GFI Energy Ventures, a leading private equity fund focused on the energy markets, and other investors acquired a majority interest in Genscape in August 2003. The company has 61 employees with additional offices in New York and the Washington, D.C. area. European operations are based out of Amsterdam, the Netherlands.

Inc. 500 Information

The companies that made this list represent the vanguard of American industry, posting an average three-year sales growth of 769%. Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84% of them were profitable. Most importantly, Inc. 500 companies were engines of job growth, having created more than 95,000 jobs since the companies were founded.

The Inc. 500 list generated 25,180 new jobs in the past year alone, a stunning 35% year-over-year increase. Compare this with the total number of employees among Fortune 500 companies, which declined in 2001, 2002, and 2003 before experiencing a 1.3% up tick of 306,045 jobs in 2004.

Article from "Argus Coal Daily"
Volume 9, 217, November 9, 2005

PRB Shortfall Most Acute In Texas, Nearby States

A shortage of coal from the Powder River Basin has forced generators in Texas, Oklahoma and Arkansas to burn alternative fuels since last spring. Coal burn in the west South Central region this year so far is down about 1.9 pct, while electricity demand is up 4 pct in that same period.

In the past four weeks, deliveries of coal to the region, which also includes Louisiana, are down 5 pct or more versus a year earlier, data from industry analysts Genscape show. At the same time, plants further north in the Midwest have seen shipments improve or hold steady compared with 2004.

Plants in west South Central have used about 152 million tons of coal this year, compared with 154 million through early November 2004. Weekly electricity demand figures from Edison Electric Institute show use up more than 4 pct through Oct. 22, the latest week for which figures are available.

The decreased coal burn has in part come following Hurricanes Rita and Katrina. As of Aug. 25, just prior to Katrina hitting New Orleans, coal use in the west South Central was up 0.2 pct. While gas prices and production since then have made coal even more economic for generators to burn, they have burned less than a year earlier in that region. Part of that is the demand reduction and temporary plant shutdowns in parts of Texas and Louisiana following the storms. Also, October is the start of maintenance season for coal-fired generators. TXU’s Big Brown unit, which burns PRB and local lignite coal, has been shut for two weeks, although the reasons for it being off line were not known.

Shipments out of the Powder River Basin continue to suffer following the derailments that snarled traffic out of the US’ most prolific coal basin in May. Maintenance, further derailments and weather-related issues led October to have the worst performance since the May.

Meanwhile, the PRB trouble is seriously crimping generator inventories throughout the region. In the west South Central US, coal inventories in August were down 30.6 pct from a year ago, with Arkansas and Texas seeing the biggest declines. Coal inventories in the Lone Star State were down 27.6 pct at 6.317 million tons in August, while Arkansas’ inventories imploded 38.9 pct to 941,000 tons. The decline in Arkansas was the biggest percentage drop in the nation behind Kansas, which saw inventories shrink 56.8 pct from a year ago to 1.418 million tons in August.

In October, 58.4 trains /day moved on the joint line, below the 58.5 seen in June and August of this year. About 26.8 million tons of PRB coal were shipped, at least 4 million tons less than projected by the utilities and mine operators. Through the end of October, coal deliveries have been only 1.2-pct above a year ago, when adjusted for 2004’s leap year, leaving generator stockpiles near record lows and forcing utilities to burn everything from higher-sulfur coal to natural gas to maintain sufficient inventories for this winter.

Some generators in Texas have taken up imported coal for the first time in years to offset the reduced PRB deliveries. The lack of lower-sulfur coal has helped boost prices for SO2 allowances to record highs above $1,300/ton, kept gas and fuel oil demand strong, and boosted prices for PRB coal delivered in 2006 and 2007.

Genscape’s Data now available through LIM

LOUISVILLE, KY, Wednesday 11/02/2005 - Genscape Inc., the energy market’s first and only supplier of real-time power plant output and transmission status information to market participants today announced a partnership with Logical Information Machines (LIM), the leader in providing software to perform sophisticated historical energy and commodity research and analytics.

Genscape’s patented time-series data estimates on the real time outputs of over 400 power plants, transmission points, and border flows in North America and Europe will be available through LIM’s Market Information Machine (MIM) server and database and via LIM’s analysis tools, the XMIM and MIMIC. Genscape collects this information from a network of nearly 2,000 wireless monitoring devices across the United States and Europe.

“Genscape clients can now use LIM’s industry leading database and analysis tools to further make use of their revolutionary and proprietary supply side data”, said Tony Kolton, founder and CEO of LIM, who added, “The combination of their data and our analytics will make a powerful tool for them to use”.

“We’re always looking for ways to make our data more valuable and useful for over 125 clients worldwide”, said Mike McAuliffe, Vice President – Sales & Marketing of Genscape, “and allowing our clients to access it through LIM gives them an analytical advantage and capability not available before”.

McAuliffe added that Genscape’s North American Power Data is already in the LIM system and that both companies are working on adding Genscape’s European Power Data as well as other Genscape data sets, such as the North American Daily Gas Burn Report, launched by Genscape in the summer of 2005.

About Genscape, Inc.

Genscape’s information gathering and distribution system consists of technology to monitor the real-time power output of power plants and load on high-voltage transmission lines. Information reported to customers includes highly accurate estimates of the real-time power output for generating facilities, power flows over strategic transmission paths, and associated information.
Genscape Inc. is the only company to have commercialized the provision of real-time power supply information to support decision-making for energy traders, power plant and line owners and operators, regulators, and other energy market participants. Genscape maintains a 60 person staff and an international headquarters in Louisville, Kentucky.
For More Information: Michael McAuliffe, VP of Sales & Marketing (502) 583-4315, mike@genscape.com, or visit Genscape at www.genscape.com.

About Logical Information Machines, Inc.

Logical Information Machines, Inc. (LIM) is the leader in providing software for sophisticated historical energy, equity, fixed income, and commodity research. LIM was co-founded in 1988 by a successful stock and commodity trader with 20 years of trading experience. LIM markets the Market Information Machine and related tools to analyze and manage large amounts of data, easily and efficiently. LIM supplies their data on a MIM server, with a fast, open design for easy interfacing. The patented query language allows analysts to easily test trading strategies and forecast the markets. For more information or an online demo, go to http://www.lim.com.

Article from "The Desk"
Friday, August 12, 2005 Volume 8

When the company first hit the scene a few years ago with its novel, real-time generation and transmission flow monitoring product – they actually have hardware on the ground outside many generation plants – we figured they were ready to deliver products that traders couldn’t live without.

If you know how much power is flowing at any given time, you can extrapolate everything from fuel use to emissions, and so on. From that first monitoring product, the company has indeed launched a slew of other real-time and/or weekly analytic packages, like the Coal Burn report. –That one provides data that estimates coal burn at the nation’s major utilities on a weekly basis and provides guidance on key market fundamentals, an emissions report that tracks SO2 and NOx emitted by the major utilities and duplicate products and services for the EU market. To close the loop on things, Genscape has just taken the wraps of the next big thing in market forecasting: the Genscape Daily Gas Burn Report. From what company chief Sean O’Leary told us this week, his beta customers just got a whole lot better at predicting the EIA storage report each week.

“In the last year or so, we’ve been developing a number of products based on our proprietary power monitoring data. We started with coal, then emissions and now gas. Our customers and focus groups tell us that, besides weather forecasts, the second- biggest variable in their storage models is some form of gas burn analysis,” O’Leary says. “For the most part, this analysis was done by way of any gas nominations data they could get their hands on. This flow data is pretty spotty if you’re relying on public sites. For our data, we have a better than 98 percent confidence level.”

The fact these guys have real-time generation monitors at more than 1,200 points across the US, resulting in output and flow estimates on more than 300 power plants and major interconnections,makes it a bit easier to figure out what kind of gas use is going on at any given facility, or for that matter, coal use, nukes and so on.

The product is a set of daily figures in CSV and PDF format that is delivered via e-mail. The report is broken down regionally the same way the EIA organizes its weekly storage report East, West and producing regions. It offers seven-day and weekly totals, rolling averages, gas burn versus regional temperature indices and more.

O’Leary said that last week one of his beta customers described the report as “bridging the gap between what the market expects the EIA report to be and what is actually happening out there.” Future versions of the report will offer a gas burn numbers broken out by, for instance, NERC regions. We reckon futures traders would love this stuff. Abudi Zein, the Genscape rocket scientist behind the new gas burn report, says that his figures will by and large be much more accurate than most people’s models, simply because his data is “based on reality, and less weight is given to prices or other economic factors.

“The fact is, economic models aren’t always the best way to determine what is running or what is not. Often generators will take a less economic strategy because of congestion, or because their neighbor didn’t get fuel this week and had to run X unit, which means you need to run Y unit. Our advantage lies in the fact that we start from something real, the actual electricity flow data. And then we build on that,” Zein says. The product is just now coming off the trial phase, with 20 or so companies involved in the beta tests. “We’re just beginning a soft launch right now, to formally sell the gas burn report, O’Leary says. The report will be sold on an annual subscription basis.

“For the past few weeks, the EEI figures have been indicating that gas burn has been down. Our figures have shown that gas burn is way up. Last week, most of the big analysts and surveys overestimated the EIA storage number. Our current users, on the other hand, plugged our burn data into their models, and got it right,” Zein says.

LOUISVILLE, KY, Thursday 8/18/2005 – For the fourth week in a row the commonly used industry indicators misled most analysts about the amount of gas being added to inventories. Users of Genscape’s Gas Burn Report again got it right.

Market expectations were for a gas injection, or increase of storage, of about 49 billion cubic feet. The EIA reported an injection of 52 BCF. The discrepancy between expectation and actual injection immediately drove prices lower by 12¢ and set the market on a downward path.

Temperatures did not change much from the prior week, and published pipeline data was showing additions to storage roughly in line with the week before. Most importantly, the overall level of power generation was steady compared to the prior week. This led most analysts to underestimate the storage build.

What Genscape data showed, however, was that gas had contributed a lot less to total power output than in the previous week. The analysts that relied on the Genscape data were thus able to accurately predict a bigger storage build.

“It’s not enough to know how much power is being generated. You need to know the contribution of gas to that total,” Sterling Lapinski, co-founder and chief operating officer of Genscape said, “and users of Genscape data are able to determine, on a daily basis, the contributions from all the different fuel sources into the generation mix, thus giving them the much more accurate gas burn figure.”

Over the previous three weeks, most analysts over-estimated the injection figure because they assumed a lower share of gas generation that had occurred and that was measured by Genscape.

The Genscape gas burn estimate is based on direct measurements of generation and power flows. Genscape monitors electricity flows at more than 1200 points across the United States.

ABOUT GENSCAPE
Genscape’s information gathering and distribution system consists of technology to monitor the real-time power output of power plants and load on high-voltage transmission lines. Information reported to customers includes highly accurate estimates of the real-time power output for generating facilities, power flows over strategic transmission paths, and associated information.

Genscape Inc. is the only company to have commercialized the provision of real-time power supply information to support decision-making for energy traders, power plant and line owners and operators, regulators, and other energy market participants. Genscape maintains a 55 person staff and an international headquarters in Louisville, Kentucky.

LOUISVILLE, KY, Thursday 8/11/2005 – For the third week in a row, users of the Genscape Gas Burn Report were able to predict more accurately the change in the amount of natural gas added to storage as reported by the Energy Information Administration.

Market expectations were for a gas injection, or increase of storage, of about 49 billion cubic feet. The EIA reported an actual injection of 43 BCF. The EIA weekly report is one of the most important information releases for the natural gas market, and the discrepancy between expectation and actual injection has helped support current high gas prices.

The Genscape Gas Burn Report is a daily measurement of the total amount of natural gas consumed regionally and nationally for electric power generation. Genscape data has been showing actual power plant gas consumption figures well above estimates based on traditional market indicators. Higher consumption of gas for power generation leads to lower storage injections as less gas is left over to be added to storage for use in the winter months.

“Our clients are telling us that our data significantly improved their predictions of this weeks’ EIA storage number” said Mike McAuliffe, Vice President of Sales at Genscape. “The value of Genscape data is its ability to provide specific information about measured gas consumption. Just knowing total generation is not enough to understand gas dynamics in this market.”

Last week, the discrepancy between market expectations and EIA reported storage injections was even more pronounced. Users of the Genscape Gas Burn Report were able to predict more accurately the storage number and avoid the expensive surprise of a lower-than-expected injection.

The Genscape Daily Gas Burn Report was first released to the general market in early July. The gas burn estimate is based on real-time, direct measurements of power generation and power flows across the United States and Canada. Genscape monitors electricity flows at more than 1,200 points across the United States.

ABOUT GENSCAPE
Genscape’s information gathering and distribution system consists of technology to monitor the real-time power output of power plants and load on high-voltage transmission lines. Information reported to customers includes highly accurate estimates of the real-time power output for generating facilities, power flows over strategic transmission paths, and associated information.

Genscape Inc. is the only company to have commercialized the provision of real-time power supply information to support decision-making for energy traders, power plant and line owners and operators, regulators, and other energy market participants. Genscape maintains operations in the United States and Europe, and is one of the fastest-growing providers of information to world energy markets.

AMSTERDAM, August 2005 – Genscape International, Inc. announced that Lyon, France based Compagnie Nationale du Rhône (CNR) has signed a license agreement to use Genscape Power Europe, the web based, real-time information service.

CNR joins many of Europe’s financial, energy and trading companies currently using Genscape’s estimates of power plant outputs and cross border flows in Continental Europe.
“We’re delighted to be working with Compagnie Nationale du Rhône, and excited about the opportunities going forward with an organization such as CNR”, said Adam Hooper, Sales Director.
“In only a few years, CNR has grown to become well known in the wholesale market and is a major electricity vendor. Today, we look forward to working with Genscape and improving our efficiency in the spot market” said Christian Triol, the Energy Director of CNR.

About Genscape

Genscape Power Europe delivers essential real-time power supply information to participants in the continental European power markets. The service monitors power production and cross border flows at over 100 critical points in Germany, France, Belgium and the Netherlands. Launched in February 2005 the service provides a critical level of market transparency that has not previously been available.
Genscape Inc. is based in Louisville Kentucky with its European headquarters in Amsterdam, The Netherlands.
For More Information contact: Adam Hooper: +31 (0)20 524 4083

About Compagnie Nationale du Rhône (CNR)

CNR is the France’s second biggest electricity producer, with about 3% of French electricity production and 25% of French hydroelectric production. CNR is the only French electricity company whose production is certified 100% renewable. CNR has constructed 18 multipurpose hydropower developments on the river between Switzerland and the Mediterranean, comprising 19 power plants, 19 dams and 12 wide gauge locks. These developments supply an average of 16 billion KWh per year and have permitted the creation of a modern wide gauge navigable waterway of 330 km between Lyon and the sea.

For More information contact: Anne MERY: + 33 (0)472 00 68 96

LOUISVILLE, KY, Monday 8/5/2005 – The recently launched Genscape Daily Gas Burn Report has shown a significantly greater use of natural gas by the country’s power plants in July which has helped users avoid an unpleasant surprise at the lower-than-expected storage numbers published recently by the Energy Information Administration.

Last week, the EIA reported a gas injection, or an increase in storage, of 37 billion cubic feet, while the market expectation hovered between 45-50 BCF. The discrepancy between expectation and the published number helped drive gas futures prices to their highest level in 2005 and to the highest summer price ever.

Indicators commonly used by the gas industry had led most analysts to expect increases in demand to be met by plants fired by fuels other than gas. Genscape’s gas burn information demonstrated that power generators were forced to use gas despite its high price.

“Users of the Genscape Daily Gas Burn Report told us they were not surprised by the low injection number published by the EIA”, said Mike McAuliffe, Vice President - Sales & Marketing at Genscape, “we’ve had over a dozen clients using the Report since the beginning of July and the response we’ve received from them has been very positive. Also, the upward trend in gas consumption was reaffirmed by Genscape’s Weekly Coal Report, which showed coal-fired plants struggling to increase output despite the rise in demand caused by the recent heat wave”.

The Genscape gas burn figures are based on direct measurements of generation and power flows. Genscape monitors electricity flows at more than 1,200 points across the U.S. resulting in output and flow estimates on over 300 power plants and major interconnections.

ABOUT GENSCAPE
Genscape’s information gathering and distribution system consists of technology to monitor the real-time power output of power plants and load on high-voltage transmission lines. Information reported to customers includes highly accurate estimates of the real-time power output for generating facilities and power flows over strategic transmission paths in the U.S. and Europe and associated information for the U.S. natural gas, coal and emissions markets.

Genscape Inc. is the only company to have commercialized the provision of real-time power supply information to support decision-making for energy traders, power plant and line owners and operators, regulators, and other energy market participants. Genscape maintains a 60 person staff and an international headquarters in Louisville, Kentucky with additional offices in Amsterdam, New York, London and Washington D.C.

LOUISVILLE, KY, Monday 7/11/2005 - Genscape Inc., the nation’s first and only supplier of real-time power plant output and transmission status information today launched a data service for the gas industry.

The centerpiece of the service is an accurate daily estimate of gas used for power generation. The Genscape Gas Burn Report will be delivered daily as a data feed.

“Gas traders have used all kinds of rough guesstimates of gas consumption in the power sector. Now they have a number based on direct measurements,” said Abudi Zein, Sr. V.P. of Data Resources.

Gas use in the power sector is the least well defined variable in the models that industry participants use to anticipate the Energy Information Administration’s weekly gas storage report. Discrepancies between market expectations and the actual EIA number can lead to wide market fluctuations and high volatility.

“We are excited to be bringing a measure of transparency to this market. In the power sector our data has enhanced liquidity by giving traders more hard data on which to base their decisions. We look forward to doing the same for natural gas and other energy markets as we continue to expand our offerings,” said Sean O’Leary, chief executive officer and co-founder.

The Genscape gas burn estimate is based on direct measurements of generation and power flows. Genscape monitors electricity flows at more than 1,200 points across the United States.

During data testing, the gas burn estimate was shown to improve the accuracy of standard models for predicting the EIA storage number by 15%-25%.

In addition to the Daily Gas Burn Report, Genscape will publish its own prediction of the EIA gas storage figure on Tuesdays in the Genscape Gas Storage Report. This product will also be included as an enhanced feature to the Daily Gas Burn Report.

ABOUT GENSCAPE
Genscape’s information gathering and distribution system consists of technology to monitor the real-time power output of power plants and load on high-voltage transmission lines. Information reported to customers includes highly accurate estimates of the real-time power output for generating facilities, power flows over strategic transmission paths, and associated information.

Genscape Inc. is the only company to have commercialized the provision of real-time power supply information to support decision-making for energy traders, power plant and line owners and operators, regulators, and other energy market participants. Genscape maintains a 55 person staff and an international headquarters in Louisville, Kentucky.

LOUISVILLE, KY, Monday 1/3/2005 - Genscape Inc., the nation’s first and only supplier of real-time power plant output and transmission status information today said that its data show lower sulfur dioxide emissions from US power plants in 2004 compared to 2003.

The decline is a modest 0.9%, which translates into just under 100,000 tons. The data however point up a number of important trends for the country’s power plants and air quality management. SO2 is a precursor to acid rain and has been subject to a cap-and-trade reduction program by the Environmental Protection Agency since the 1990s.

• SO2 emissions dropped while coal-fired generation increased. Coal is the most significant contributor to sulfur emissions. This points to the success of power plant operators in better controlling their pollutant emissions.
• Despite this encouraging trend, the industry exceeded its initial allocation of allowable emissions for 2004. Plant operators have a reserve of allowances to offset the excess emissions, so plant operators are covered from the point of view of the cap-and-trade program.
• Nevertheless, the industry as a whole keeps exceeding its initial allocation levels as it relies more on cheap coal and shuns expensive but cleaner burning natural gas. This will continue to support high SO2 allowance prices and increase the operation costs of companies heavily dependant on coal generation.
• Eventually, companies will have to invest in more control equipment to avoid running out of emission allowances. This is already evident at the plants run by large companies with extensive coal fleets, whose emissions decreased while their power output increased. Those capital investments will be significant.

Genscape monitors electricity output at hundreds of plants and transmission points across the United States. The observed power output in MWh at those plants is translated into tons of sulfur emitted using data modeling techniques.

Genscape’s SO2 and nitrogen oxides (NOx) emission estimates are published in The Genscape Weekly Emissions Report.

ABOUT GENSCAPE

Genscape’s information gathering and distribution system consists of technology to monitor the real-time power output of power plants and load on high-voltage transmission lines. Information reported to customers includes highly accurate estimates of the real-time power output for generating facilities, power flows over strategic transmission paths, and associated information.

Genscape Inc. is the only company to have commercialized the provision of real-time power supply information to support decision-making for energy traders, power plant and line owners and operators, regulators, and other energy market participants. Genscape maintains a 45 person staff and an international headquarters in Louisville, Kentucky.

LOUISVILLE, KY, Monday 1/3/2005 - Genscape Inc., the nation’s first and only supplier of real-time power plant output and transmission status information today said that its data shows higher consumption and higher fuel efficiency at the nation’s coal-fired power plants.

Coal use in 2004 increased nearly 15 million tons or 2.9% at plants monitored by Genscape compared to 2003, while electricity output from coal rose 6%. For the entire coal-fired fleet, Genscape estimates coal consumption rose by 30 million tons.

Total power output from all the plants monitored by Genscape increased by 8.2%. In addition to rising coal-fired generation, nuclear power plants operated much more smoothly last year, increasing production by 7.2%. Hydro-electric power saw the largest increase, 23.5%, compared to 2003.

Coal and nuclear ate into the market share of natural gas and fuel oil, which were both too expensive to be competitive except at peak demand times in 2004. There are signs however that both the coal and nuclear plant fleets are reaching the limits of their capacity, and that increases in power consumption will lead to higher natural gas use in 2005.

Genscape monitors electricity output at hundreds of plants and transmission points across the United States, including 118 coal-fired plants. The observed power output in MWh at those plants is translated into tons of coal burnt using data modeling techniques.

The sum of capacity at the coal-fired plants monitored by Genscape represents 49pc of the overall coal plant capacity nationwide. The coal consumption at those plants shows a perfect correlation with total coal consumption for power generation.

Genscape’s coal use estimates are published in The Genscape Weekly Coal Burn Index, which since its launch in May of 2004 has become the energy industry’s primary source for timely coal consumption data.

ABOUT GENSCAPE

Genscape’s information gathering and distribution system consists of technology to monitor the real-time power output of power plants and load on high-voltage transmission lines. Information reported to customers includes highly accurate estimates of the real-time power output for generating facilities, power flows over strategic transmission paths, and associated information.

Genscape Inc. is the only company to have commercialized the provision of real-time power supply information to support decision-making for energy traders, power plant and line owners and operators, regulators, and other energy market participants. Genscape maintains a 45 person staff and an international headquarters in Louisville, Kentucky.