Case Studies

Amerex Energy Services Helps Baylor University Save $2 Million Per Year on a Ten-Year Power Deal

HOUSTON, February 22, 2007--Amerex Energy Services, a division of Amerex Brokers LLC, recently concluded a ten year power contract for Baylor University in Waco, Texas. Baylor is expected to save two million dollars annually through this contract. The Baylor contract is the result of an ongoing collaboration between Amerex and ARAMARK Higher Education to provide cost savings in electrical power procurement for ARAMARK clients throughout the United States.

"This transaction represents the many strengths of our energy services group, bringing together multiple parties with the best interests of academia and green power in mind," remarks Michael Cosgrove, President of Amerex Brokers LLC.

"This is a win-win both financially and environmentally," said Don Bagby, Director of Facilities Management at Baylor. "The fact that we can go 10 years and know how much we will pay for electricity is an added benefit."

"We are proud to support the development of renewable energy sources at Baylor University," said Ron Mesaros, Associate Vice President at ARAMARK. "We hope that this collaborative effort with Amerex will have a positive impact on energy efficiency and cost savings for many of our Higher Education partners."

Quantum Resource Management
"Amerex provided timely market information and insightful future opportunities for an oil and gas producer. They were experienced in the marketplace, a large player in that market, and offered a managed approach going forward. They have been excellent partners for us."
--- Mike McDougall, Quantum Resource Management

MedCentral Health System
"MedCentral’s experience with Amerex was extremely positive and immediately beneficial. Amerex was able to identify a number of our gas accounts that were eligible for lower-priced, market-based rates (as opposed to utility tariff-based rates). Amerex also produced substantial benefits from its oversight of our RFP process by preventing price manipulation that, if successful, would have inflated our actual costs above the price stated in two of the bids we received. Finally, using proprietary natural gas price data obtained from its wholesale brokerage division, Amerex was able to compare the prices quoted by our marketers against prevailing wholesale prices. By making the marketers compete against each other against a background of superior wholesale market intelligence, Amerex was able to obtain prices for us that are very close to wholesale."
--- Fred L. Blevins, Director, Materials Management, MedCentral Health System