U.S. Bank Corporate Payment Systems
U.S. Bank helps utilities streamline payment programs
to lower costs and boost efficiency
Whether it is routine MRO purchases or unique expenses related to disaster response efforts, utilities face a wide range of payment scenarios.
U.S. Bank received the
We Energies STAR Award of Excellence for outstanding customer service.
We Energies STAR Award of Excellence for outstanding customer service.
The right payment solution can make all the difference. For instance We Energies implemented several U.S. Bank commercial card programs and eliminated an estimated 150,000 paper transactions yearly. As a result, the Wisconsin utility saved an estimated $1.3 million.
In the past 12 months, U.S. Bank payment tools helped We Energies save an additional $500,000 in A/P costs, earn early payment discounts and save nearly $250,000 in off-road tax refunds.
Contact your U.S. Bank representative for a payment program audit and more information about U.S. Bank Corporate Payment Systems.
Resources
Facts to Know
Utility Industry Statistics
The U.S. average retail price per kilowatt hour is 8.9 cents.1
Fossil fuels will still provide 79% of total energy use in 2030.2
Natural gas imports will drop through 2030 as domestic
output grows.3
output grows.3
Helpful Links
U.S. Department
of Energy
www.energy.gov
www.energy.gov
Edison Electric Institute
www.eei.org
www.eei.org
The Utility Connection
www.utilityconnection.com
www.utilityconnection.com
Platts
www.platts.com
www.platts.com
Information
1. Energy Information Administration.
2. Annual Energy Outlook 2009, Energy Information Administration.
3. Ibid.
2. Annual Energy Outlook 2009, Energy Information Administration.
3. Ibid.
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