Enron Energy Services and Macerich Co., a publicly traded realestate investment trust, announced a 10-year energy managementagreement for more than 40 wholly-owned and joint ventureproperties. Enron will manage the supply of electricity and naturalgas and provide related energy management services for theproperties, including energy infrastructure upgrades.

“Our agreement with Enron allows us to manage the volatileenergy costs associated with deregulating markets, such asCalifornia,” said Macerich CEO Arthur Coppola. “Moreover, it willallow Macerich to enhance and actively manage energy systems at ourproperties side- by-side with Enron, the leading innovator in thefield.”

Macerich owns or has ownership interest in 48 regional shoppingcenters and five community shopping centers, totaling 41 millionsquare feet of gross leasable area (GLA).

Enron Energy Services (EES) said it currently manages energy atover 20,000 customer sites. Contracts signed with customers in thelast two years will reduce energy use by an estimated six billionkilowatt hours of electricity and more than 113 MMBtus of naturalgas consumption between 2000 and 2012 — a reduction of 10.5million tons of carbon dioxide emissions.

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