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Glendora, California – Eugene Water & Electric Board (EWEB) has selected the SettleCore™ software platform from Power Settlements (PSCS) to manage its market and transmission settlements, as well as shadow settlements in the California ISO (CAISO) Western Energy Imbalance Market (WEIM). Power Settlements is the leading provider of software solutions to CAISO and EIM market participants and was chosen by EWEB following a detailed evaluation of multiple vendors using a competitive RFP (request for proposal) process.

EWEB’s implementation of SettleCore™ (on the PSCS-hosted infrastructure) began in the fourth quarter of 2023 with a planned go-live in early 2024 and will meet EWEB’s business requirement for a single system to optimize settlements, analytics, and reporting in the CAISO market. Further, EWEB will leverage SettleCore™ to settle transactions and shadow CAISO market and transmission invoices from major participants in the WEIM, including the largest transmission provider in the Pacific Northwest.

Jason Hebert, Senior VP of Power Settlements noted,

“Adding EWEB to our growing list of clients in the West reinforces Power Settlements’ position as the leading supplier of software solutions for both CAISO WEIM and MRTU participants. SettleCore™ significantly helps WEIM players shadow the bilateral settlement invoices that they receive from the BA (Balancing Authority) since those settlement rules can be extraordinarily complex and accompanied by vast amounts of data. Having EWEB choose to work with our team to manage mission-critical workflows is very gratifying.”

About Eugene Water & Electric Board
The Eugene Water & Electric Board (EWEB) is Oregon’s largest customer-owned utility. Founded in 1911, EWEB provides water and electricity to approximately 96,000 customers in the Eugene-Springfield area. EWEB’s service area covers 236 square miles with a population of more than 200,000 people, including major institutions such as the University of Oregon. Employing approximately 500 people, EWEB serves the people of Eugene by embodying core values of safety, reliability, responsibility, and community. EWEB owns four energy generation facilities, including hydroelectric projects on the McKenzie and Clackamas Rivers, and leads watershed protection measures with local landowners and environmental organizations. With one of the greenest energy supplies in the nation, approximately 90% of EWEB’s power comes from carbon-free sources, and EWEB is committed to achieving a 95% carbon-free energy portfolio by 2030. To learn more, please visit our website.

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