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TXU Energy Services inked a five-year, $300 million energyservices contract to provide natural gas, electric and riskmanagement services to more than 80 of John Deere’s North Americanfacilities. TXU Energy Services will also help to developenergy-efficiency improvement projects for John Deere’s NorthAmerican operations.
The contract is expected to save John Deere $10 million inenergy procurement costs over the five-year life span of theagreement. TXU Energy services began providing natural gas and fueloil supplies to the company on June 1 with electric service phasingin over time.
“The agreement with TXU Energy Services will enhance JohnDeere’s already successful energy management program started inFebruary 1973 eight months before the first oil crisis,” said DaveFischer, supply management specialist for John Deere. “It willallow John Deere to better control energy costs and ensure stableenergy supplies while providing opportunities for improvements inenergy efficiency throughout its North American operations.”
The contract comes not long after TXU Energy Services entered asimilar agreement with another company. The provider signed afive-year, $500 million deal with Crescent real Estate InvestmentTrust to provide energy services for 85 commercial offices.
“We’re pleased that John Deere has chosen us to help them makethe right energy decisions for the company’s North Americanoperations,” said Ken Breeden, president, TXU Energy Services. “Weguide customers through all phases of the energy cycle, fromconsulting, planning, and rate negotiation to procurement,implementation, measurement and assessment.”
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