scsinet.com); and Verizon
(http://www.com);
Niagara Mohawk (http://www.com); Syracuse University
CASE Center (http://case.syr.

"If, when, and how much LNG will be brought into North America remains a
critical question to the future of North American natural gas prices," said
George Given, Vice President of Global Energy's Market Advisory Services.

ifac volatility

The Business Plan must
demonstrate that the presenters understand the dynamics of this market
and that they are capable of supporting it.com for more detailed
conference and registration information, including the conference agenda.com).griffissinstitute.
The Department of Labor evaluated proposals based on three criteria:
strength of regional partnership, statement of need, and system transformation
strategies. The grant guidelines specified that preferences would be given to
regions that were adversely impacted by globalization, military base closures,
or natural disasters.
The Piedmont Triad proposal includes six strategies that together will
enhance the economic prosperity and global competitiveness of the region. Beyond just the Gas Reference Case,
Global Energy has partnered with Altos MarketPoint to develop the Global
Energy MarketBuilder software solution for gas modeling combining the Altos
NARG model with Global Energy s modeling enhancements, data, and reference
case and consulting expertise. This Global Energy MarketBuilder Gas
modeling solution will also be integrated into the EnerPrise software
offering to work on the same common data model framework providing a
seamless integration with Global Energy's other software products.globalenergy.

irp econometrics

fuse2005 Venture Capital PitchFest Will Contribute to Accelerating Momentum for New Business Growth in Central New York

Y.edu); Welch Allyn
(http://www.com); and Whitman School of Management at Syracuse University
(http://sominfo.flef.com); Space Alliance
Technology Outreach Program (http://www.org); and Upstate Venture Association of New York, Inc., The United States Department
of Labor announced Wednesday that the Piedmont Triad Region will receive a
major grant to support a comprehensive economic development and workforce
development strategy.
The Piedmont Triad Partnership (http://www. Natural Gas prices will remain stubbornly high for the next few years.

irp sce

cbit.mda-
cny. (Global Energy),
a leading provider of software, consulting and data solutions to the energy
industry, today announced the release of its Natural Gas Reference Case, a
comprehensive and fundamentals-based forecast of supply and demand
fundamentals, annual and monthly market clearing prices, infrastructure and
market uncertainty .
5.

cef econometric

, J. The North Carolina Department of Commerce,
through the North Carolina Commission on Workforce Development, will serve as
the fiscal agent for the grant.
The Piedmont Triad proposal used the recently completed Piedmont Triad
Vision Plan as the foundation for the proposal. The Piedmont Triad proposal was based on the
substantial job losses the Region has suffered in recent years as a result of
globalization. Steps being taken right now
will result in greater supply and price moderation beginning in the
2008-2009 period. Expect 4-6 re-gas
terminals with Gulf Coast the most likely home for many of them.

irp epcs

syracusetechnologygarden.timewarnercable.com); New York State Technology Enterprise Corporation
(http://www.org); Greater
Syracuse Chamber of Commerce (http: //www.com); New Jobs for New York (http://www.
Global Energy Decisions, Inc.

dauphine volatility

"As one who teaches entrepreneurship at the university level and helps
fund new businesses through a venture capital group, I believe that the
fuse2005 VC PitchFest will serve as an accelerator for new business growth in
Central New York," said Professor Zachary J.

Visit the fuse2005 website at http: //www.

fuse2005 silver sponsors include Advance/Newhouse; Annese + Associates,
Inc.syracusemetronet .
(http://www.
The Piedmont Triad Partnership led an advisory committee of local
workforce development, economic development, education and entrepreneurial
representatives in developing the proposal.
Senators Dole and Burr and Representatives Coble, Watt, Hayes, and Foxx all
wrote letters of support for the Piedmont Triad proposal.

Contact: Don Kirkman
President and CEO
336-668-4556

"The convergence of high gas production replacement costs, persistently
high crude prices, and the petroleum industry's preference for oil
development over gas development has created persistently higher gas
prices," explained Gary L.
4., Global Energy has over 400 customer relationships worldwide with the
industry's leading market participants including utilities, investment
banks, credit rating agencies, government agencies and portfolio managers.

espe swx

com); Strategic Computer
Solutions, Inc.com); ISSI Technology Professionals
(http://www .spacetechsolutions."
The Piedmont Triad proposal was one of 13 selected by the Department of
Labor out of 97 proposals submitted from 42 states. "Many of the strategies
included in the WIRED proposal originated with recommendations in the Vision
Plan," said Kirkman. "Our analysis indicates that gas prices will
remain high until significant new North American supply materializes or LNG
imports become material to meeting demand.

ecomoda econometrics

, and especially the
VC PitchFest -- as a forum to help us achieve our long-term strategy of
setting up a technology eco-system in Central New York .bsk.com); Devorsetz Stinziano Gilberti Heintz +
Smith, P.uvany.
"We are delighted that the Piedmont Triad proposal was selected for this
grant," said Don Kirkman, president and CEO of the Piedmont Triad Partnership.

Global Energy continues to round out its expanding advisory services
offerings by adding this additional gas fundamentals forecast to its market
leading power market forecast services.

irp statisticians

verizon.interregnum.com); Center for
Business Information Technologies at Syracuse University (http://www.
(http://www.C.
"The WIRED grant gives us both the financial and technical resources to
develop an integrated strategy to restore the Piedmont Triad's global economic
competitiveness .

eit cef

usadatanet.edu); State University of New York College of
Environmental Science + Forestry (http: //www.org); Cornell
University (http://www. The Piedmont Triad, the nation's 36th largest metropolitan area
with more than 1. Hunt, president, Global Energy Advisors, a
Global Energy business unit .
8.

irp ifac

* Technology Contributing to Central New York Business Growth: While
there are many types of technology-driven businesses that have the
potential to be a good match for the existing and evolving business
needs in this region, the following technologies are of particular
interest to the fuse2005 VC PitchFest panel:

* broadband applications * security
* medical technology and biosciences * RFID
* software and information technology * wireless
* news + entertainment technology

* Management Team Strength Necessary to Execute the Business Plan: The
Business Plan must demonstrate that the presenters have the ability to
assemble a credible and relevant management team.com).syr. (http://www.sensis."

The Natural Gas Reference Case forecast utilizes a fundamentals-based
supply and demand analysis that maximizes the economic rents available in
the market and models "real world" business strategies. How many LNG re-gas facilities will be built is more a factor of the
liquefaction capacity at the other end.
More information about Global Energy is available at www.

sce acei

esf.cornell.syracusechamber. The
strategies are: (1) create a model regional organization, (2) cultivate
employment opportunities in high-wage, high-skill, clusters, (3) align and
leverage the Triad's K-12, community college, and 4-year university resources
around the region 's growth clusters, (4) extend economic prosperity to the
Triad's rural counties and minority populations , (5) create a regional
leadership development center in partnership with the Center for Creative
Leadership, and (6) develop a marketing and communications strategy to promote
intra-region awareness of the need for regional collaborations and an external
awareness of the Piedmont Triad as a creative and innovative region.
2.
3.globalenergy.com.

dauphine eea

theeclub.com)

The project will help train workers in the region's high-growth, high-wage
industry clusters, and it will establish the Piedmont Triad as a national
model for a regional total systems approach to economic development , workforce
development, education, and entrepreneurship. North American gas production is slowing and industry is in
preservation mode not exploration mode.

jsm espe

Michael Morris, head of the Syracuse
University Department of Entrepreneurship, will lead a team of faculty members
and MBA students in reviewing and assessing the Executive Summaries submitted
for consideration.welchallyn.org);
Central New York Technology Development Organization (http://www.com); Syracuse University's Entrepreneurship Club
(http://www. PIEDMONT TRIAD, N.5 million residents, includes the counties of Alamance,
Caswell , Davidson, Davie, Forsyth, Guilford, Montgomery, Randolph, Rockingham,
Stokes, Surry, and Yadkin . Natural gas demand in the future will be driven by gas requirements
for power generation. This opens opportunities
for smaller players near term to spur smaller scale E&P activities
in the US.

acei ifac

(SCS) (http://www.com/niagaramohawk); Syracuse Technology
Garden (http://www.com); and Time Warner Cable
(http://www. (http://www.C.cnytdo. These changes in fundamentals shift the North American gas market to
a GLOBAL gas market with all the volatility and potential for cartel
behavior now seen in the oil markets. An executive summary is available at
http://www.

ifac espe

"
In addition to Schattner and Gocher, the other fuse2005 VC PitchFest panel
members are: Dennis DeLeo, General Partner, Trillium Group (Rochester, NY) and
executive board member of the Upstate Venture Association of New York, Inc. Thomas Clark
Senior Lecturer of Entrepreneurship, Cornell University , and partner with
Cayuga Venture Fund (Ithaca, NY).org); Syracuse MetroNet
(http://www.
6.

com. The
Global Energy MarketBuilder Gas Modeling solution is available from both
Global Energy and Altos MarketPoint.

economists cef

com

fuse2005 platinum sponsors include Clear Channel Communications , Inc.edu);
CollabWorx, Inc.collabworx.cnymedtech. The WIRED (Workforce Innovations in Regional Economic
Development) grant will provide up to $5 million/year for three years to
develop a model national economic development demonstration project in the
Piedmont Triad.piedmonttriadnc. Annual and monthly market clearing prices through 2029
are forecast for 36 gas market pricing centers and hubs. Based in Boulder,
Colo.

cea ifac

nationalgridus.devorsetzlaw.

fuse2005 supporting organizations include 40 Below
(http://www.newjobsfornewyork. Two alternative
scenarios -- Global Cartel Pricing and LNG Displacement -- and stochastic
volatility analysis were utilized to help quantify market prices . Major oil & gas players are moving overseas. More than 40 proposals are
pending but the US needs only a fraction of that.

About Global Energy: Global Energy provides energy organizations with
solutions based on a common framework of software applications, energy
markets data, and advisory services to enable energy professionals to
forecast electricity pricing and demand, conduct resource planning, perform
strategic studies and competitor analysis, manage risk, trade energy and
schedule delivery, and optimize generation performance.

efma cef

fuse2005 gold sponsors include Interregnum plc (http://www.edu). Each state was limited to
three proposals, and the Piedmont Triad proposal was chosen by Governor Easley
to compete at the federal level.

overlapping eea

Members of VC PitchFest Panel Define Parameters for Type of
Business Proposals That Have Best Chance for Success in Generating Growth

SYRACUSE, N.fuse2005. For
questions on fuse2005, contact Nasir Ali, Vice President for New Venture
Development, Syracuse Technology Garden, at 315-474-0910, x 7901 or
nasir@fuse2005 .
(http://www.com); Syracuse Research Corporation
(http://www. "I believe the Department of Labor was impressed with
the work already done in the Piedmont Triad to identify what is required for
our region to regain global competitiveness, and I also believe the Department
saw that at the regional level we have the assets to be a world-class region,"
he added.

PRESS RELEASE North American Natural Gas Prices to Remain High

The key
findings in the Global Energy Natural Gas Reference Case are:

1. LNG will become increasingly important to meet supply needs and US
dependence on LNG imports is expected to rise.
"In the next 15 years our increasing reliance on LNG will transform the
continental gas market into a global gas market, a new reality that cannot
be underestimated for its influence on market prices, industry financial
performance and investment.

oecd sce

(UVANY); Russ Howard, Managing Director, High Peaks Venture Partners (Troy,
NY) and UVANY board member; and Zachary J. Shulman. "A significant number
of business possibilities in this region will be brought to light -- many for
the first time -- as a result of the fuse2005 VC PitchFest. They need to define
the type of talent they have, what they need and where they will go to
find individuals who posses the capabilities and relevant experience
that will enable them to be successful . (http://www.issitechpros.com); Griffiss Institute
(http://www. The WIRED initiative is part of the new federal
Competitiveness Agenda described during President Bush's State of the Union
address Tuesday night. Industrial demand destruction is a profound outcome of higher gas
prices across the regions.

swx viiith

syr. The Partnership also received
support from members of the Piedmont Triad's Congressional delegation.com), one of seven
regional economic development partnerships in North Carolina, is the economic
development and marketing organization representing the 12-county Piedmont
Triad region .
7."

The Natural Gas Reference Case is available as an advisory service or on a
stand-alone basis.

volatility econometric

D.edu); Development Authority of the North Country
(http://www.

efa acei

Shulman, J."
The fuse2005 VC PitchFest panel members consider the following parameters,
among others, to be the most significant in assessing and selecting the
business plans to be presented on October 18:

* Target Market Strength: The target market on which the Business Plan
focuses must be a high growth market.destinyusa.org); IC Connect; Messenger Associates, Inc.com); Syracuse Convention
+ Visitors Bureau (http://www.visitsyracuse.