Enron to Serve 2 Property Management Firms

Enron Energy Services, a subsidiary of Houston-based Enron Corp., said it agreed to provide energy management services for two large property management firms: Insignia/ESG of New York and CB Richard Ellis of Los Angeles. Enron will analyze energy consumption and develop ways to save on energy costs for Insignia/ESG’s 215-million-square-foot portfolio throughout the U.S. and CB Richard Ellis’ 87-million-square-foot portfolio in the Western U.S. In the new, restructured electricity market, energy service providers such as Enron are expected to make more money managing energy use and providing other services than they will from the sale of electricity.