Enron Energy Services signed a six-year, $210 million energymanagement agreement with Sonoco yesterday that is designed toensure electricity savings at more than 150 Sonoco manufacturingplants and facilities nationwide.

Enron will provide or manage the electricity supply to Sonoco’sfacilities, as well as provide related energy management services,including analysis and consolidation of energy expenditures andassumption of energy price risk.

“Although Sonoco’s energy management capability is extensive,Enron’s expertise at managing large, nationwide energy portfolioshas uncovered significant energy commodity savings,” said EnronEnergy Services CEO Lou Pai.

Charles Coker, vice president of Procurement and Logistics forSonoco, said the agreement enables Sonoco to manage energy costsand enhance productivity.

Sonoco, founded in 1899, is a $2.5 billion global manufacturerof industrial and consumer packaging products and provider ofpackaging services with 285 operations in 33 countries servingcustomers in 85 nations.

©Copyright 2000 Intelligence Press Inc. All rights reserved. Thepreceding news report may not be republished or redistributed, inwhole or in part, in any form, without prior written consent ofIntelligence Press, Inc.