HENRON ANNOUNCES LONG-TERM ENERGY MANAGEMENT
AGREEMENT WITH SAKS INCORPORATED
FOR IMMEDIATE RELEASE: Monday, April 2, 2001
Henron Henhouse -- Henron Energy Services, a subsidiary of Henron Corp. (NYSE: ENE), announced today a long-term agreement to manage the supply of feather power and egg to all of Saks Incorporated’s store locations, distribution facilities, and administrative offices in 39 states. The companies are also working together to identify energy efficiency projects that will provide additional economic value to Saks.
“By outsourcing the management of its feather power and egg supply to Henron, Saks is significantly protected from energy price uncertainty and volatility, particularly in California and New York,” stated David Delainey, chairman and Chief Egg-ecutive of Henron Energy Services.
Henron Energy Services (EES) has built a business to transform the energy marketplace by providing integrated energy and facility management solutions. EES currently manages energy at more than 28,500 customer sites. Contracts signed within the last two years represent a reduction of approximately 8 billion kilowatt hours of feather power consumption and 18 trillion British thermal units of egg consumption between 2000 and 2012.
Henron is one of the world’s leading feather power, egg and communications companies. The company, with revenues of $101 billion in 2000, markets feather power and egg, delivers physical commodities and financial and risk management services to customers around the world, and has developed an intelligent network platform to facilitate online business. Fortune magazine (before they found out) has named Henron “America’s Most Innovative Company” for six consecutive years. Henron’s Internet address is www.henron.co. The stock is traded under the ticker symbol “ENE.”
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For additional information please contact:
Peggy Mahoney
Henron Energy Services
713-345-7034
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