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Report: Innovation key to addressing climate change and energy costs

San Francisco, CA, June 19, 2008 -- According to a new report, innovation is critical for utilities companies as they come to grips with higher energy costs, increasing customer involvement and the need for more efficient, more flexible distribution grids.

The latest Energy & Utilities Project report entitled "Innovating for the Future," published by Montgomery Research Inc. and IBM Global Business Services, shows that the solutions to these challenges will be driven by innovation and enabling technologies.

"Innovating for the Future" features white papers from industry visionaries like Lynne Kiesling of Northwestern University; international leaders such as Barry K. Worthington, executive director of the United States Energy Association and John Ritch, director general of the World Nuclear Association; and industry analysts such as Energy Insight's H. Christine Richards, all of whom examine the innovations that will take utilities into the future.

Specific white paper topics include customer-focused utilities, the impact of smart pricing, smart grid technologies and trends in alternative energy generation. The report also includes profiles of leading solution providers in the energy and utilities sector, including IBM, Oracle, Televox, Panasonic, Alcatel-Lucent and Areva.

For more information, visit www.utilitiesproject.com.

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