Former Enron Energy Services execs form new company


By the OGJ Online Staff

HOUSTON, Jan. 14, 2002 — Former Enron Energy Services executives formed a new company to manage energy risk for small to mid-sized businesses.

Celeren Corp., Philadelphia, will sell risk management energy services and independent power generation services. Thomas Brigger, formerly mid-Atlantic regional manger for Enron Energy Services, a unit of Enron Corp, is Celeren's chief executive officer. Donald Parker, a former mid-Atlantic region director for asset risk management of Enron, is chief operating officer.

Brigger and Parker left Enron Corp. in July to start the company, prior to Enron's Dec. 2 filing for bankruptcy protection, which also included the company's energy services division. Enron recently asked the bankruptcy court for permission to halt deliveries under many of its contracts.

Deregulation has allowed commercial business to purchase electricity and natural gas from a variety of sources at market prices in many regions of the country. Small businesses are subject to greater volatility, Celeren said.

The new company will guarantee long-term fixed energy costs, Celeren said. The products offered include all inconclusive energy products and unbundled services for customers with more complex energy and capital requirements.

The products and services incorporate energy commodity procurement for electricity, natural gas, and fuel oil, energy related asset design, construction, operations, and maintenance service, and capital improvement financing in a bundled package for a specified time period 10-15 years.

Celeren also intends to tackle the electricity conservation market for commercial buildings. It said there are 44,000 small to medium-sized commercial power customers that require efficiency renovation or construction projects.

The company estimated electricity conservation for small and mid-sized business represents about $9 billion in annual revenue potential. The company also offers fee-based development construction and operation of independent power generation facilities.

Other Celeren executives formerly with Enron Energy Services include Mark Wood, vice-president engineering; James Creighton, vice-president construction; and Ram Nathan, vice-president power systems.


Sponsored by FLSmidth

Related Articles

Arizona Public Service APS Cholla coal-fired power plant Environmental Protection Agency EPA Four Corners Ocotillo New Mexico

APS proposes closing three coal-fired units by 2020

Arizona Public Service said it would close a coal-fired unit and shut down two others by mid-2020 as part of a compromise with the U.S. Environmental Protection Agency.

Monticello nuclear power plant Xcel Energy rebuild reactors

Xcel Energy defends $665mn Monticello plant project

Xcel Energy says customers should pay for the overrun costs of a $665 million project to rebuild a power plant in Monticello.

Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

10/01/2014
Volume 118, Issue 10
1410pe-cover

Buyers Guide Product Listings

Pipeline Repair and Rehabilitation

Tyfo® Fibrwrap® Pipe Rehabilitation System is a...

RETROFIT

Braden's retrofit strengths are divided into tw...

Buyers Guide Company Listings

Hamon Custodis Inc

Designs, supplies, and erects concrete chimneys and silos and steel stacks. Full service inspection, repair, renovation, maintenance, and demolition for chimneys, stacks, and silos.

National Electric Coil

Repairs, upgrades, and retrofits high-voltage generators and rotating exciters. Manufactures high-voltage coils/bars, all types including turbo generator rotor windings, engineering design and replacement components. ISO 9001 certified quality management systems.

L-3 MAPPS

Supplies power plant simulation technology. Has been developing full-scale simulators and simulator upgrades for more than four decades.

GEA Heat Exchangers Inc

Designs and constructs cooling towers. Offers preventive maintenance and modification of existing towers including thermal upgrades, repairs, replacements and spare parts for any brand of field-erected cooling towers.

Power Industry Wire News

UGE International Reports Third Quarter 2014 Financial Results

UGE International Reports Third Quarter 2014 Financial Results

Canadian Overseas Petroleum Limited Liberia Update

Canadian Overseas Petroleum Limited Liberia Update

American Leisure Holdings, Inc. Announces Letter of Intent to Acquire Wroblewski Oil and Gas Company

American Leisure Holdings, Inc. Announces Letter of Intent to Acquire Wroblewski Oil an...

Blue Earth Completes $10 Million Private Placement

Blue Earth Completes $10 Million Private Placement

Energy Services Company ENSERVCO to Present at LD Micro Conference

Energy Services Company ENSERVCO to Present at LD Micro Conference

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>


Power Engineering Newscasts

EPA chief: carbon caps will boost economy
Australia, Russia enter nuclear power agreement with Argentina
Largest battery energy storage in North America now operational
EPA chief: carbon caps will boost economy Largest battery energy storage in North America now operational Australia, Russia enter nuclear power agreement with Argentina Texas’ Panda Temple combined cycle plant up and running
Siemens agrees to acquire Dresser-Rand
Safety concrete poured at UAE nuclear reactor power project
Foster Wheeler to upgrade natural gas-fired power plant’s emission controls
GE, TransCanada partner on natural gas turbine design
Energy storage global market to grow to $15.6B by 2024; DOE awards $2M to support taller wind turbine towers; Hinkley Point C nuclear project have financial incentives approved; N.J. company building waste-to-energy project in Ireland