Polaroid Corp. of Cambridge, MA, and Enron Energy Servicessigned a 10-year outsource agreement for Enron to provide energymanagement services at Polaroid’s seven major U.S. facilities. Thedeal is worth more than $200 million. Enron will manage or supplyPolaroid’s energy commodity requirements including electricity, gasand fuel oil; design, build, operate and finance certain energyinfrastructure improvement projects; as well as provide alloperation and maintenance services at Polaroid’s three centralmanufacturing plants in Massachusetts: Waltham, New Bedford andNorwood. “Enron will drive energy savings for Polaroid by managingtheir commodity usage, investing capital to upgrade or replacePolaroid’s energy equipment and by providing best in classoperation and maintenance services,” said Lou Pai, Enron EnergyServices CEO. Enron will offer positions to the 20 Polaroidemployees in the company’s Operation and Maintenance team.

The Florida Public Service Commission (FPSC) unanimouslyapproved a joint proposal, submitted by Florida Power Corp.,Florida Power & Light and Tampa Electric, to increase from 15%to 20% the level of “reserve” electric generating capacity thatutilities operating in the state are required to have.The newplanning criteria ensure that there will be a 20% reserve marginamong the state’s three major investor-owned utilities by thesummer of 2004.

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