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HSNE, INC. (HEALTHCARE SERVICES OF NEW ENGLAND) AND ENRON ANNOUNCE ENERGY SOLUTIONS PROGRAM
FOR IMMEDIATE RELEASE: Thursday, November 20, 1997
BOSTON - HSNE, Inc.(Healthcare Services of New England) and Enron Energy Services (EES), an operating unit of Enron Corp., announced today that they have signed an agreement to provide an energy solutions program to the 935 healthcare members of HSNE, including 200 acute healthcare facilities.
The objective of the HSNE and the Enron energy solutions program is to help members maximize the benefits of deregulation and significantly reduce their total energy bill. The program will focus on bringing commodity and consumption solutions that provide capital for members to invest in their core business of healthcare.
"Enron is proud to team up with HSNE in its effort to take advantage of the rapidly changing energy industry," said Lou Pai, chairman and CEO of EES. "We believe HSNE members will see significant benefits through the application of Enron's innovative energy capabilities. These members will realize many of these benefits even prior to the opening of the electric markets."
HSNE and Enron will initially conduct customer seminars designed to provide information to HSNE members on the benefits of deregulation and about the products and services available through the energy solution program. The program will then provide site specific energy solutions designed to meet each member's objectives, including energy purchasing, working with local companies to design consumption reduction plans, and providing innovative financing for those solutions.
"We are excited to form an alliance with Enron, one of the largest suppliers of energy and a company that is destined to lead the energy industry in technology development," said Martha Dula, President and CEO of HSNE. "As one of the oldest purchasing and shared services companies in the country, HSNE has learned the value of forming alliances with companies that can offer technology and innovations consistent with our mission of reducing costs in healthcare that are significantly greater than the price of a commodity. We will offer products that are not only solutions but also enhancements that will help our owners and member facilities create a competitive advantage in the marketplace."
HSNE, Inc. (Healthcare Services of New England), with headquarters in Braintree, Massachusetts, founded in 1952, provides group purchasing services and other services to reduce operational costs for supplies and services for its 935 healthcare member/owner organizations of HSNE and other affiliated organizations, throughout the six New England States and Eastern New York.
Enron Corp., one of the world's largest integrated natural gas and electricity companies with approximately $23 billion in assets, operates one of the largest natural gas transmission systems in the world; is the largest marketer of natural gas and electricity in North America; is a leading participant in liberalized energy markets in the United Kingdom and the Nordic Countries; markets natural gas liquids worldwide; manages the largest portfolio of fixed-price natural gas risk management contracts in the world; is among the leading entities arranging new capital to the energy industry; owns a majority interest in Enron Oil & Gas Company, one of the largest independent (non-integrated) exploration and production companies in the United States; owns a majority interest in Enron Global Power & Pipelines L.L.C., which is owner and manager of operating power plants and natural gas pipelines around the world; is one of the largest independent developers and producers of electricity in the world; and is a major supplier of solar and wind renewable energy worldwide. Enron's internet address is www.enron.com and its common stock is traded under the ticker symbol, "ENE."
For additional information please contact:
Gary Foster- Enron
(713) 853-4527
Martha Dula-HSNE
(781) 848-6666
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