MURRAY HILL, N.J., May 13, 2002 — BOC Gases and Entergy Corp. have expanded their national supply agreement with the addition of bulk and compressed gases.
Previously, the two companies had announced a multi-year $4.5 million national agreement, under which BOC supplies industrial, specialty and EPA-protocol gases to all Entergy generating, transmission and distribution facilities in the United States. The new agreement is valued at $1.2 million annually.
Matt Apicella, manager, sourcing, Entergy, said, “This agreement builds upon the successful integration of business processes that we and BOC began last year. It will reduce costs and enable our businesses to grow efficiently and cost effectively.”
BOC will supply Entergy’s nuclear and fossil-fuel power generating plants in Texas, Louisiana, Arkansas and Mississippi with compressed hydrogen and bulk oxygen, nitrogen and carbon dioxide. BOC will also supply cylinder gases to Entergy’s four nuclear power plants in New York and Massachusetts.
As part of the supply agreement, BOC will also monitor Entergy’s bulk storage tank levels using its proprietary Teltankâ„- telemetry system and provide automatic replenishment. BOC generates invoice data at its National Scheduling Center in Bethlehem, Pa. and sends it via the Internet to Entergy’s internal processing system and then on to Pantellos.
Entergy is a founding member of Pantellos, an online marketplace for the utility and energy industries, and all transactions between BOC and Entergy are processed through Pantellos.
“We are pleased that Entergy has chosen to expand their participation in BOC’s key customer program, which provides customers with comprehensive supply chain solutions that deliver bottom-line business results,” said Michael Stoddard, vice president and general manager, BOC.
“We have been impressed with BOC’s commitment and collaborative approach to reducing Entergy’s total cost of ownership,” said Donald Rueter, director, procurement and eBusiness for Entergy. “BOC’s national network, comprehensive product line, and eBusiness supply chain tools have combined to deliver some impressive results. The entire cylinder and bulk inventory replenishment, asset tracking, and invoicing process is automated, seamless, and virtually transparent to Entergy.”
BOC is a practitioner of eBusiness in the industrial gases industry. The company offers a wide range of Internet-enabled services including Internet ordering, electronic access to quality assurance data, cylinder tracking with BOC’s Arrowhead technology, automatic supplier replenishment through vendor managed inventory, Tel-Tankâ„- remote tank monitoring, on-line plant configuration, and process design tools and expertise.
Entergy Corp., with annual revenues of more than $9.6 billion, is a major global energy company engaged in power production, distribution operations, and related diversified services, with more than 13,800 employees.
Entergy owns, manages or invests in power plants generating more than 30,000 megawatts of electricity domestically and internationally and delivers electricity to about 2.6 million customers in portions of Arkansas, Louisiana, Mississippi and Texas. Through Entergy-Koch, L.P., it is also a provider of wholesale energy marketing and trading services.
The BOC Group, the worldwide industrial gases, vacuum technologies and distribution services company, serves two million customers in more than 50 countries. It employs nearly 43,000 people and had annual sales over $6 billion in 2001. Further information about The BOC Group may be obtained on the Internet at http://www.boc.com.