Outsource

Dallas-based TXU Corp. unveiled some major initiatives last week — streamlined business operations, a $3.5 billion outsourcing agreement with Capgemini to improve customer service and a joint venture with Credit Suisse First Boston (CSFB) to form a new energy marketing and trading unit.

Dallas-based TXU Corp. on Tuesday saw its share price soar after unveiling streamlined business operations and two major announcements: a $3.5 billion outsourcing agreement with Capgemini to improve customer service and a joint venture with Credit Suisse First Boston (CSFB) to form a new energy marketing and trading unit.

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.

Packaged Ice Inc. plans to outsource energy management of 60U.S. ice manufacturing facilities to Enron Energy Services (EES).Enron will evaluate and implement capital projects related toPackaged Ice’s “private utility” to increase productivity andefficiency of the plants. Enron also will provide electricity ormanage energy procurement at the facilities.