Enron Energy Services and Owens-Illinois, Inc., a leadingproducer of glass and plastics packaging, have announced a 10-yearenergy management agreement covering 53 Owens-Illinois (O-I)manufacturing facilities in 20 states and energy purchases inexcess of $2 billion.

Under the initial agreement, Enron will work with Owens-Illinoisto manage the supply of electricity and natural gas to O-Ifacilities and will continue to look for ways to reduce O-I’saggregate demand.

Richard A. Jun, vice president of corporate purchasing forOwens-Illinois, said he expected the Enron management to “providesavings and reduce our exposure to short-term energy pricefluctuations.”

Lou Pai, CEO of Enron Energy Services, pointed to benefits theglass and plastics manufacturer will gain from Enron’s expertise inenergy efficiency and risk management.

Owens-Illinois is the largest manufacturer of glass containersin the United States, North America, South America, Australia, NewZealand, and China and one of the largest in Europe. O-I also is aworldwide manufacturer of plastics packaging with operations inNorth America, South America, Australia, Europe and Asia.

Enron currently manages energy at over 28,500 customer sites.

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