Computer Sciences Corporation Partners with Enron Energy Services to Provide Business Process Outsourcing Services

Computer Sciences Corporation (CSC) has signed a significant agreement with Enron Energy Services, a subsidiary of Enron Corp., to provide business process outsourcing (BPO) services. The partnership, valued at $1.1 billion over eleven years, aims to improve productivity and reduce costs for Enron Energy Services by leveraging e-business technology solutions. This collaboration marks CSC's entry into the energy market, which boasts over 200 million meters and $20 billion in annual service revenues.

Key Takeaways:

• The agreement between CSC and Enron Energy Services is valued at $1.1 billion over an eleven-year period, with the goal of saving Enron Energy Services millions of dollars per year.
• Approximately 320 Enron Energy Service employees and contractors will transition to CSC, giving them the opportunity to work for a company specializing in information technology solutions.
• CSC has significant experience in assisting energy clients adjust to the deregulated market, with clients such as Consolidated Edison, Florida Power and Light, and New Century.
• CSC's Chemical, Oil and Gas Group, headquartered in Newark, Delaware, will be responsible for the new CSC energy services unit based in Dublin, Ohio.
• Enron's growth projections indicate a strong potential for this partnership, with the energy market poised for significant growth due to deregulation.
• CSC's experience in IT and business process outsourcing will enable the company to deliver tailored solutions for other energy and utility companies worldwide.

Statistics:

• $1.1 billion: the expected value of the agreement between CSC and Enron Energy Services over an eleven-year period.
• 200 million meters: the number of meters in the energy market, which represents a significant opportunity for CSC.
• $20 billion: the annual service revenues in the energy market, indicating a large and growing industry.
• 50,000: the number of CSC employees worldwide, capable of delivering individual business solutions in areas such as management and information technology consulting.
• 700: the number of CSC offices worldwide, providing extensive global reach and support.

Sources:

• PRNewswire, "Computer Sciences Corporation Signs Agreement with Enron Energy Services"
• Enron Corp.'s website, www.enron.com
• Computer Sciences Corporation's website, www.csc.com