San Francisco-based Chevron Energy Solutions is a subsidiary of ChevronTexaco, one of the world's largest and most competitive integrated energy companies. Throughout this transition Energy Masters' federal organization will remain intact and its operations will continue to be based in St. We look forward to adding further support and resources to these capabilities to deliver even more value to customers.”Įnergy Masters expects to transfer its federal contracts to Chevron Energy Solutions later this year, pending the government's transfer of key contracts to Chevron Energy Solutions. “Energy Masters has an impressive record of building relationships and effectively managing energy projects. “The Energy Masters federal business unit complements our capabilities and geographic presence and expands our ability to serve federal agencies nationwide,” said Jim Davis, president of Chevron Energy Solutions. Through these contract vehicles, the company helps many federal installations manage infrastructure requirements and comply with energy reduction mandates. Departments of Defense and Energy and has been awarded several Energy Savings Performance Contracts (ESPC), federal facility management contracts, Utility Energy Services subcontracts, and a General Services Administration Federal Energy Supply Schedule contract. Energy Masters is fully accredited by the U.S. Paul, Minnesota, Planergy's federal unit was operated by its subsidiary, Energy Masters International, which designs and implements energy and utility-related efficiency projects and integrated information systems for the federal government.

ChevronTexaco (NYSE: CVX) today announced that Chevron Energy Solutions, a wholly-owned subsidiary, has acquired the federal business unit of Planergy International, a wholly-owned subsidiary of Xcel Energy Inc.