HOUSTON and IRVING, Texas, Nov. 6, 2001 — Reliant Energy Solutions has signed an energy services and supply agreement with Texas Instruments valued at more than $100 million. The two-year contract is one of the largest power sales agreements signed thus far in preparation for the opening of Texas electricity markets to customer choice.
Reliant Energy will supply power to 24 Texas Instruments locations in Texas, including the company’s Dallas headquarters. The contract is expected to save TI more than 20 percent on its electricity rates when compared with today’s regulated rates, and it provides contract terms that reduce customer risk and offer operational flexibility.
“With this contract, Texas Instruments will reap the benefits of a competitive marketplace for electricity,” said Jim Ajello, president, Reliant Energy Solutions. “It provides Texas Instruments with significant savings and greater certainty with respect to future electricity rates.”
In addition to the significant reduction in energy costs, TI is taking advantage of Reliant Energy’s Internet-based energy management tool, Energy Commanderâ„-. Energy Commanderâ„- is an integrated set of Web-delivered tools that collect and analyze energy consumption and facility information.