NGI The Weekly Gas Market Report
Chevron has launched its energy services business, Chevron EnergySolutions, building on its purchase of a block of contracts andrelated assets from the disbanding PG&E Energy Services (see DailyGPI, June 2).
The new unit will deliver customized, cost-reducing energysolutions to commercial and industrial businesses and institutionsnationwide, a market which Chevron estimates tops $100 billion.
San Francisco-based Chevron Energy Solutions (CES) was createdthrough Chevron’s purchase of the value-added services business ofPG&E Corp.’s retail energy services unit. The purchase,completed July 21, encompasses energy management, energyefficiency, power quality, distributed generation, and billing andinformation services, as well as related infrastructure assets.PG&E had previously sold off a block of contracts for largemulti-site customers to Enron’s retail energy services unit.
More than 140 professionals who were previously with PG&Eservices have joined CES’ growing staff. CES has 18 offices in 13states.
“Chevron Energy Solutions is poised to create significant valuefor customers by combining the talent and experience from a leadingenergy services company with Chevron’s technical and productmarketing expertise,” said Patricia Woertz, president of ChevronProducts Co. “CES plans to leverage e-commerce and use the Internetto deliver value-added energy services.”
James C. Davis, formerly senior vice president – integratedservices for PG&E services, will lead CES as its president.Davis has held executive positions at Duke/Louis Dreyfus, EnronCapital & Trade Resources, and Access Energy Corp.
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