Genscape Introduces Weekly Coal Burn Report and Index
 

LOUISVILLE, KY, Monday 5/10/04 - Genscape Inc., the nation’s first and only supplier of real-time power plant output and transmission status information today introduced the Weekly Coal Burn Report and Index, an accurate measure of the amount of coal burnt to generate electricity in the United States.

Genscape monitors electricity output at hundreds of plants and transmission points across the United States, including 115 coal-fired plants. The observed power output in MWh at those plants is translated into tons of coal burnt by using the most recent data from plant filings to the Energy Information Administration (EIA).

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 as reported by the EIA, according to Genscape calculations.

“Coal market participants have long wished for a measure of transparency similar to what the API provides for the oil sector,” Sean O’Leary, chief executive officer said. “Now, with this index, producers, consumers, and traders will have an accurate estimate, based on real observations, of how much coal was consumed during the previous week.”

The Genscape Weekly Coal Burn Index, will be published by the trade press and on the Genscape website. The Genscape Weekly Coal Burn Repot will include, the underlying plant-by-plant and regional breakdown and will be distributed to subscribing clients.

For the month of May, Genscape is offering complimentary trials of this report to participants in the coal market and the energy market in general.

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.