Yang Jie naturally will not do nothing in the past month or so, and he has also had a very comprehensive and detailed understanding of all aspects of the two companies he acquired through many channels, and in this process, he still admires Jonathan Blair, the president, very much.

As soon as he flew back to the United States, he communicated with Jonathan Blair.

At this time, many people looked at Jonathan Blair, who had a calm and sophisticated face, and many people showed a look of surprise, and many people didn't understand how this new boss from the East fell in love with Jonathan Blair, who has always been known for his toughness.

Jonathan Blair exchanged glances with Yang Jie, and then said: "In order to improve the company's operating dilemma, Mr. Yang believes that it is necessary to adjust the internal adjustment of the two companies. ”

Mr. Yang meant to reform the aging pipelines of the two companies, whether it is Southern California or the Pacific Ocean, there are many old pipelines built in the forties and fifties of the last century, after a long period of application, not only serious aging, but also there is a risk of a large number of electricity and gas leakage. This growing security risk, once it leads to an accident, will not only cause us significant losses, but also damage the company's reputation. ”

"The frequency of maintenance of another aging pipeline is very high, which increases our labor cost and equipment cost. If a comprehensive reform can be carried out and replaced with smarter, more efficient and safer pipeline equipment, although the initial investment will be larger, but the benefits will be long-term. ”

Jonathan Blair glanced at Yang Jie, and then said: "I have initially calculated that if the investment in pipeline reform is based on three years, it will invest about 1.2 billion US dollars per year, but the company's revenue will increase by about 18% per year, and profits will increase by about 24%. ”

Yang Jie is quite big, and he nodded here.

The eyes of the people around them gradually changed, they were able to sit in this seat, obviously they were not stupid, they all knew that the new boss was very sympathetic to Jonathan Blair's strategy of opening up sources and reducing expenses.

In addition, in order to get rid of the blackmail of energy traders such as Enron Group against the two companies, Mr. Yang is about to embark on a construction project for a household fuel cell heat and power supply system. ”

Many of the company's top employees in the audience had skeptical expressions.

This project of a home fuel cell heat and power supply system is very similar to the home fuel cell heat and power supply system that was promoted in Japan almost eight years later, but the specific technical route is completely different.

"Prager Energy can think that we have very mature technology to supply fuel cell products for home applications, which can supply fuel cell products from 2 kilowatts to 10 kilowatts, fuel cell products can also use waste heat to supply hot water for 24 hours while meeting the power supply demand, and the fuel required by the fuel cell can be completely reformed through the existing gas supply pipeline to supply fuel, which allows us to bypass the blackmail of energy producers such as Enron Group, no longer need to look at their faces, will not be affected by natural gas price fluctuations, and can achieve solid profits。 ”

"These energy traders, who emerged in the 90s, with their own brands and channels, forced us, the producers and utilities of electricity and natural gas, to trade with them, and then they could set the price of electricity and natural gas to buy and sell at their own will, so that they made a lot of profits in energy trading, while the profits of our two companies were completely squeezed out by them. ”

Jonathan Blair's eyes gleamed with exasperation: "We want to get out of a second, third, and even more similar energy crisis." Instead of relying on inefficient state capitals, we can completely control the discourse on energy trade through a change of skill. Together, our two companies are the largest utility provider in California. With a population of 40 million, hundreds of thousands of businesses, and two-thirds of our customers, we control the vast demand and channels that we can fully leverage to drive this fuel cell system. ”

"The fuel used in the application of home fuel cell system is hydrogen oil products, the efficiency of hydrogen conversion of electricity is very high, the cost is lower than gasoline, 100 liters of hydrogen oil power generation in 100 kilowatt-hours of electricity, according to the current California household average electricity consumption of 900 degrees, it takes 45 kilograms of hydrogen, according to the large-scale application of coal-to-hydrogen technology, the price can also fall, and the cost of power generation is close to the cost of thermal power stations. ”

Jonathan said, "Mr. Yang plans to invest in the construction of a coal-to-hydrogen plant around the Pacific Natural Gas Transmission Station, directly using the company's natural gas transmission pipeline, and the pipeline renovation and plant investment scale is 500 million US dollars. ”

"If the construction of this home fuel cell supply system is completed, we no longer need to build large-scale power plants and large-scale high-voltage lines to quickly meet the power needs of users. ”

"Because the size of the small fuel cell is very small, the size of the 10-kilowatt fuel cell product is only 5 liters, the outdoor installation is very convenient, the number of installation labor and the degree of use are very low, the product has a flow monitoring and communication system, the company can monitor and collect data at any time, and also greatly reduces the use of line cover, even if the transmission line is faulty, it can also ensure that the user's electricity consumption is not affected. ”

It is the Huaxing Group that has made a major breakthrough in fuel cell technology, and the cost of 10 kilowatts of fuel cell can now be controlled at 1,000 US dollars, and it is not a problem to dump it in California by leasing to complete it.

As soon as Jonathan Blair's words fell, the discussion in the conference room quickly rose.

If the home fuel cell power supply system can be successfully realized, then there is no doubt that Enron's supremacy in the US energy transaction will be shaken, and at least the replacement of Enron will be able to quickly solve the California energy crisis, which still has no end in sight.

It was also the first time that these people had learned that Prager Energy had advanced its fuel cell technology to such an advanced level.

"The 10-kilowatt fuel cell product supplied by Prager Energy is priced at $2,000, and now that the energy crisis in California is ongoing, we can take this opportunity to promote the product. ”

Many of the senior employees present here are happy, and the two companies can also earn a lot of income from promoting such advanced products.

Jonathan Blair paused and said: "The next step is about the company's internal adjustment plan, which is divided into three aspects according to Mr. Yang's meaning. ”

Hearing this, everyone's ears pricked up.

"First, simplify the level of corporate governance, the company from the original 'headquarters-regional branches-county branches', a two-level system, to the middle layer, the headquarters directly under the jurisdiction of all county-level branches. In addition, we adopt a variable salary system, and 10% of the company's employees are excluded every year to ensure the vitality of the company. If the restructuring is completed, the company will reduce its workforce by 13.4% and reduce administrative expenses by US$189 million per year. ”

"Second, selling the company's private jets and luxury fleet, eliminating the executive-only luxury restaurant, and spending more than $2 million a month on a team of no more than 900 executives, is so bad that everyone in the company will have to eat in a restaurant in the future. Also, reduce the reimbursement rate for business trips, no one is allowed to travel in first class and five-star hotels, three-star hotels or economy class is very good. ”

Jonathan Blair's suggestion to cut the benefits of the company's top executives did not hesitate to cause an uproar in the conference room.

"Mr. Blair, I approve of frugality in the face of the company's difficulties, but is this proposal too much?"

"That is, we are corporate governance, not beggars on the street!"

"If the new company really follows this standard, then I am willing to resign!"

......

The majority of the room was opposed.

Jonathan Blair was very quiet in the face of these people's dissatisfaction, and when he was in Southern California, his same suggestion was rejected by the board of directors because of too much opposition. Before this meeting, he also made this suggestion to Yang Jie again, but he was supported by Yang Jie.

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