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Chevron's Got the Solution
Chevron has launched its energy services business, Chevron Energy Solutions, building on its purchase of a block of contracts and related assets from the disbanding PG&E Energy Services (see NGI, June 5).
The new unit will deliver customized, cost-reducing energy solutions to commercial and industrial businesses and institutions nationwide, a market which Chevron estimates tops $100 billion.
San Francisco-based Chevron Energy Solutions (CES) was created through Chevron's purchase of the value-added services business of PG&E Corp.'s retail energy services unit. The purchase, completed July 21, encompasses energy management, energy efficiency, power quality, distributed generation, and billing and information services, as well as related infrastructure assets. PG&E had previously sold off a block of contracts for large multi-site customers to Enron's retail energy services unit.
More than 140 professionals who were previously with PG&E services have joined CES' growing staff. CES has 18 offices in 13 states.
"Chevron Energy Solutions is poised to create significant value for customers by combining the talent and experience from a leading energy services company with Chevron's technical and product marketing expertise," said Patricia Woertz, president of Chevron Products Co. "CES plans to leverage e-commerce and use the Internet to deliver value-added energy services."
James C. Davis, formerly senior vice president - integrated services for PG&E services, will lead CES as its president. Davis has held executive positions at Duke/Louis Dreyfus, Enron Capital & Trade Resources, and Access Energy Corp.
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