 |
ENRON AND COMPAQ COMPUTER CORPORATION
SIGN ENERGY MANAGEMENT AGREEMENT
FOR IMMEDIATE RELEASE: Tuesday, October 3, 2000
HOUSTON -- Enron Energy Services, a subsidiary of Enron Corp., and Compaq Computer Corporation (NYSE: CPQ), the number one personal computer maker in the world, announced today a five-year energy management agreement.
Through the initial agreement, Enron will manage the supply of electricity and natural gas, as well as provide related energy management services for facilities in Texas, California and Massachusetts including the corporate headquarters located in Houston, Texas.
Lou Pai, chairman and CEO of Enron Energy Services said, “Compaq will receive immediate energy cost savings and effectively limit their exposure to energy price volatility at facilities located in states that have deregulated or will soon deregulate.”
“This agreement represents another step in our long-term partnership with Enron,” said Renee Leach, director, Worldwide Real Estate and Operating Services, of Compaq. “By turning our energy management over to the energy experts, Compaq will enjoy substantial benefits in both efficiency and cost.”
Compaq Computer Corporation, a Fortune Global 100 company, is the largest supplier of computing systems in the world. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, and communications product commercial desktop and portable products, and consumer PCs. Compaq products and services are sold in more than 200 countries directly to businesses, through a network of authorized Compaq marketing partners, and directly to businesses and consumers through Compaq's e-commerce Web site at http://www.compaq.com. Compaq markets its products and services primarily to customers from the business, home, government, and education sectors. Customer support and information about Compaq and its products and services are available at http://www.compaq.com.
Enron is one of the world’s leading electricity, natural gas and communications companies. The company, with revenues of $40 billion in 1999 and $30 billion for the first six months of 2000, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine has named Enron “America’s Most Innovative Company” for five consecutive years, the top company for “Quality of Management” and the second best company for “Employee Talent.” In addition, Enron ranks in the top quarter of Fortune's "Best 100 Companies to Work For in America.” Enron’s Internet address is www.enron.com. The stock is traded under the ticker symbol “ENE.”
###
Click here to download this press release in Microsoft Word format.
For additional information please contact:
Peggy Mahoney
Enron
(713) 345-7034
Stacey Paul
Compaq
(281) 514-0484
|
