BOULDER, CO - April 23, 2024 - Yes Energy, a leader in power markets data, today announced the acquisition of Power Settlements. The combination of…
Glendora, California – Arizona Public Services (APS) has transformed its management of complex third-party bilateral contract settlements by expanding its SettleCore™ software platform footprint with Power Settlements & Consulting Services (PSCS). APS recently went live with SettleCore’s Contract Billing Module (CBM), a comprehensive billing engine that models power purchase agreements (PPAs), tolling agreements, transmission bills, and other complex contracts to easily generate invoices (or shadow invoices) from third parties.
The SettleCore CBM (Contract Billing Module) has been extremely helpful in processing 500+ invoices each quarter. Prior to the implementation of the CBM, this process took 5-8 business days to complete, but after the Contract Billing Module go-live, it takes only 4-5 hours. The meter data, calculation, invoice creation/approval, and email generation process have also streamlined our invoicing process by taking away manual work. The Power Settlements team made sure our requirements were well-understoood and they provided the solutions that we needed.”
Tuan Thai, APS Back-Office Subject Matter Expert
David Dan, PSCS CEO stated, “Our team is proud to have this opportunity to grow our partnership with APS. Our Contract Billing Module allows them to seamlessly manage the settlement of a wide array of complex contracts with advanced functionality in a secure, traceable, auditable ecosystem. And APS’s staff can quickly access, retrieve and mobilize all their data in any desired format.”
About Arizona Public Service
Arizona Public Service (APS) serves nearly 1.3 million homes and businesses in 11 of Arizona’s 15 counties, and is a leader in delivering affordable, clean and reliable energy in the Southwest. The company is committed to serving customers with 100% clean power by 2050. As owner and operator of Palo Verde Generating Station, the nation’s largest producer of carbon-free electricity, and with one of the country’s most substantial renewable energy portfolios, APS’s current energy mix is 50% clean. With headquarters in Phoenix, APS is the principal subsidiary of Pinnacle West Capital Corp . (NYSE: PNW).
