IBM and Enron Energy Services Sign Contract for Technology Services


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Somers, NY - 13 Jun 2000: -- Enron Energy Services, a subsidiary of Enron Corp., has selected IBM to deliver $350 million in technology services to Enron locations throughout the U.S.

Under an agreement, IBM Global Services will provide Enron Energy Services with application development, maintenance, and PC and server support services over the next ten years. In addition, IBM will assume responsibility for Enron Energy Services' non-routine help desk support -- commonly known as level two and three help desk services -- for the term of the contract.

Enron expects its relationship to infuse its information technology organization with additionalI/T expertise, particularly in the area of application development. In addition, Enron expects significant cost savings to result from the contract.

Kevin Hughes, vice president and CAO of Enron Energy Services, said: "With 133 data centers, 70,000 servers, and 138,000 services professionals around the world, IBM is very wellpositioned to assistus in the I/T services arena. Together with IBM, we will build the technology infrastructure our company needs to prepare us for the tremendous future growth of our energy outsourcing business."

"Enron is one of the most innovative, fastest-moving companies we've seen in any industry," said Tom Cotney, vice president, Utility & Energy Services, IBM Global Services. "We are delighted to have the opportunity to work with Enron as it builds its information technology infrastructure for the future. IBM will deploy the people, technology, and skills Enron requires as one of America's leaders in the energy industry."

Enron is one of the world's leading electricity, natural gas and communications companies. The company, which owns approximately $37 billion in energy and communications assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine has named Enron "Most Innovative Company" for five consecutive years, the top company for "Quality of Management" and the second best company for "Employee Talent." In addition, Enron ranks in the top quarter of Fortune's "Best 100 Companies to Work For in America." Enron's Internet address is http://www.enron.com. EnronOnline can be found at http://www.enrononline.com. The stock is traded under the ticker symbol "ENE."

IBM Global Services is the world's largest information technology services provider, with 1999 revenues of approximately $32 billion. Services is the fastest growing part of IBM, with more than 138,000 professionals serving customers in 160 countries. IBM Global Services integrates IBM's broad range of capabilities -- services, hardware, software and research -- to help companies of all sizes realize the full value of information technology. For more information visit http://www.ibm.com/services.

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