Enron Energy Services Inc. (EES) will be the exclusive providerof electricity and energy and facilities management services forthe San Francisco Giants through a 10-year energy commodityagreement and a 15-year management contract for Pacific Bell Park.

Through these two contracts, totaling more than $60 million, EESwill provide the electricity to operate Pacific Bell Park, as wellas services for heating, ventilation and air conditioning andadministration of various subcontracts for maintenance of allmechanical and electrical equipment. EES also will provide theGiants with capital to purchase equipment needed to operate thestadium and, through fixed-price contracts, will provide riskmanagement services related to managing volatility of long-termstadium operating costs.

“These agreements capture our core competency-the integration ofcommodity, capital and energy and facilities managementservices-and exemplify the tremendous value we can bring to sportsfacilities as their full-service energy and facility managementprovider,” said Lou L. Pai, CEO of Enron Energy Services. “Thiscomprehensive relationship with the Giants further confirms ourcommitment to the California market and is the first to takeadvantage of our full range of capabilities, including facilitymanagement services which we have been building as part of ouroverall strategy for Enron Energy Services.”

Pacific Bell Park is the first privately financed major leagueballpark built in more than 30 years. EES will have signage andpromotional rights at the new ballpark. Construction of PacificBell Park is scheduled to be completed in April 2000. The EEScontracts will become effective in early 1999, when the companywill support the Giants in commissioning the systems for thestadium and then provide power once the systems are functional.

Joe Fisher, Houston

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