Flexible and Customizable Solution Designed to Meet the Unique Business Needs of Schedulers, Marketers and Operators

Dallas, TX, February 8, 2010 - Allegro, the leading provider of energy trading and risk management (ETRM) solutions, has announced the release of Petroleum Blending 8.1, a new component within the Allegro 8 platform that provides enhanced flexibility and reduces operational workload around the blending of petroleum liquids.

The daily processes for schedulers and operators are very manual, cumbersome and time-consuming due to the numerous blending products, multiple locations, transport methods, and various tariffs and fees.  To help customers mitigate these challenges, Allegro’s Petroleum Blending 8.1 provides the following benefits:

• Flexibility to customize the solution to meet unique business needs:
  • define blending plans for specific locations and blending recipes
  • manage inventory levels
  • schedule product purchases and transfers
  • forecast plant production of blendstocks and anticipated market requirements
  • accurately value daily inventories
  • determine optimum heavy crude blends
• Complete integration with physical and financial positions; captures actual quantities and fees for real-time calculations and reporting.
• Ability to create what-if scenarios to optimize blending processes and improve decision making.

Allegro’s Petroleum Blending 8.1 component offers customers a flexible, comprehensive solution to manage the complex and dynamic nature of petroleum blending.  More information can be found at www.allegrodev.com/blending.

About Allegro 8 Platform

The Allegro 8 platform is built on a Service-Oriented Architecture (SOA), allowing customers to select only the functionality they need, simplifying deployment and providing the scalability to adapt and expand into new markets as a company’s needs change.  Allegro 8 reaps the benefits of grid computing, which allows a network of distributed computers to work in unison, providing real-time valuation, scheduling, and settlement.   The platform also provides an Interactive Trading Environment (ITE) that enables traders and marketers to view existing positions and to dynamically optimize them based upon live markets. Profit & Loss, Value at Risk (VaR), Mark to Market (MtM), exposure and other metrics are continuously updated.

About Allegro Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 27 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Christie Lindstrom at media@allegrodev.com or +1.214.237.8117.