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TXU Signs Energy Services Contract With John Deere

TXU Signs Energy Services Contract With John Deere

TXU Energy Services inked a five-year, $300 million energy services contract to provide natural gas, electric and risk management services to more than 80 of John Deere's North American facilities. TXU Energy Services will also help to develop energy-efficiency improvement projects for John Deere's North American operations.

The contract is expected to save John Deere $10 million in energy procurement costs over the five-year life span of the agreement. TXU Energy services began providing natural gas and fuel oil supplies to the company on June 1 with electric service phasing in over time.

"The agreement with TXU Energy Services will enhance John Deere's already successful energy management program started in February 1973 eight months before the first oil crisis," said Dave Fischer, supply management specialist for John Deere. "It will allow John Deere to better control energy costs and ensure stable energy supplies while providing opportunities for improvements in energy efficiency throughout its North American operations."

The contract comes not long after TXU Energy Services entered a similar agreement with another company. The provider signed a five-year, $500 million deal with Crescent real Estate Investment Trust to provide energy services for 85 commercial offices.

"We're pleased that John Deere has chosen us to help them make the right energy decisions for the company's North American operations," said Ken Breeden, president, TXU Energy Services. "We guide customers through all phases of the energy cycle, from consulting, planning, and rate negotiation to procurement, implementation, measurement and assessment."

Alex Steis

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