Babcock Power Joins Enporion e-Marketplace

TAMPA (March 27, 2003) --Enporion, the energy industry e-Marketplace helping buyers and suppliers achieve supply chain excellence, and Babcock Power Inc., a worldwide supplier of technology, equipment and services to the power generation industry, today announced Babcock Power's membership in Enporion as a Strategic Buyer Member.

Strategic Buyer Members have access to all the products and services of the Enporion marketplace, including dynamic commerce auctions and the aggregated buying power of group contracts. Babcock Power joins other Enporion strategic buyers that include Ameren, PPL Corporation, KeySpan Energy Services, We-Energies, and other gas and electric energy companies that are seeing significant savings results from membership in Enporion.

In 2002, these members realized 15 percent in direct purchasing savings from the use of auctions, and buying through negotiated group contracts representing more than 35 unique commodity groups achieved another 9 percent savings.

Babcock Power is the first supplier company to join Enporion as a Strategic Buyer Member. Its goal is to achieve the same savings results in its own purchasing operations that energy companies are realizing.

In addition, Babcock Power's membership introduces Enporion's Affiliate Buyers' Program. Babcock Power may sponsor the company's current suppliers of goods and services for membership in Enporion as Affiliate Buyer Members. These suppliers would have access to many of the same services from Enporion as Strategic Buyer Members, allowing them to realize cost and process savings and optimize supply chain performance.

"A successful electronic marketplace must offer benefits to both buyers and suppliers," said Enporion Vice President of Sales Bill Browne. "We are very pleased that Babcock Power has chosen not only to supply our utility company members through the Enporion marketplace, but also to use the power of this marketplace to achieve supply chain savings in its own business.

In addition, working with Babcock Power's suppliers through our affiliate buyers program, we will enable a cascading of savings to the benefit of everyone operating in the utility industry."

According to Babcock Power's Paul Cummins, Director, Domestic and International Procurement, "Babcock Power's membership in Enporion represents a positive transformation of our company from a traditional OEM Supply Management philosophy. Diversified Enporion platforms provide a bridge in which Babcock Power can successfully aggregate its spend across intra-company Supply Management Departments resulting in bottom line cost reductions for our customers. Furthermore, this membership also allows us to leverage additional cost savings directly with key suppliers through the Affiliate Buyers' Program."

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