Enron Announces Long-Term Energy Management Agreement With Saks Incorporated

Apr 02, 2001, 01:00 ET from Enron Energy Services

    HOUSTON, April 2 /PRNewswire/ -- Enron Energy Services, a subsidiary of
 Enron Corp. (NYSE:   ENE), announced today a long-term agreement to manage the
 supply of electricity and natural gas to all of Saks Incorporated's
 (NYSE:   SKS) store locations, distribution facilities, and administrative
 offices in 39 states.  The companies are also working together to identify
 energy efficiency projects that will provide additional economic value to
 Saks.
     "By outsourcing the management of its electricity and natural gas supply
 to Enron, Saks is significantly protected from energy price uncertainty and
 volatility, particularly in California and New York," stated David Delainey,
 chairman and CEO of Enron Energy Services.
     Enron Energy Services (EES) has built a business to transform the energy
 marketplace by providing integrated energy and facility management solutions.
 EES currently manages energy at more than 28,500 customer sites.  Contracts
 signed within the last two years represent a reduction of approximately
 8 billion kilowatt hours of electricity consumption and 18 trillion British
 thermal units of natural gas consumption between 2000 and 2012.
     Enron is one of the world's leading electricity, natural gas and
 communications companies.  The company, with revenues of $101 billion in 2000,
 markets electricity and natural gas, delivers physical commodities and
 financial and risk management services to customers around the world, and has
 developed an intelligent network platform to facilitate online business.
 Fortune magazine has named Enron "America's Most Innovative Company" for six
 consecutive years.  Enron's Internet address is www.enron.com.  The stock is
 traded under the ticker symbol "ENE".
 
      Peggy Mahoney
      Enron Energy Services
      713-345-7034
 
 

SOURCE Enron Energy Services
    HOUSTON, April 2 /PRNewswire/ -- Enron Energy Services, a subsidiary of
 Enron Corp. (NYSE:   ENE), announced today a long-term agreement to manage the
 supply of electricity and natural gas to all of Saks Incorporated's
 (NYSE:   SKS) store locations, distribution facilities, and administrative
 offices in 39 states.  The companies are also working together to identify
 energy efficiency projects that will provide additional economic value to
 Saks.
     "By outsourcing the management of its electricity and natural gas supply
 to Enron, Saks is significantly protected from energy price uncertainty and
 volatility, particularly in California and New York," stated David Delainey,
 chairman and CEO of Enron Energy Services.
     Enron Energy Services (EES) has built a business to transform the energy
 marketplace by providing integrated energy and facility management solutions.
 EES currently manages energy at more than 28,500 customer sites.  Contracts
 signed within the last two years represent a reduction of approximately
 8 billion kilowatt hours of electricity consumption and 18 trillion British
 thermal units of natural gas consumption between 2000 and 2012.
     Enron is one of the world's leading electricity, natural gas and
 communications companies.  The company, with revenues of $101 billion in 2000,
 markets electricity and natural gas, delivers physical commodities and
 financial and risk management services to customers around the world, and has
 developed an intelligent network platform to facilitate online business.
 Fortune magazine has named Enron "America's Most Innovative Company" for six
 consecutive years.  Enron's Internet address is www.enron.com.  The stock is
 traded under the ticker symbol "ENE".
 
      Peggy Mahoney
      Enron Energy Services
      713-345-7034
 
 SOURCE  Enron Energy Services