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
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."
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