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SUEZ Energy North America Announces the Acquisition of a 67-Megawatt Gas-Fired Peaking Power Generation Facility in Texas

Posted on: Wednesday, 17 October 2007, 15:00 CDT

HOUSTON, Oct. 17 /PRNewswire/ -- SUEZ Energy North America (SENA) today announced the acquisition of the 67-megawatt (MW) New Gulf facility in Wharton County, Texas. The New Gulf facility was owned by affiliates of Denham Commodity Partners Fund LP. The facility is located about 60 miles southwest of Houston, within the second-largest load center in ERCOT (Electric Reliability Council of Texas). The peaking facility is designed to achieve full load from a cold start within 30 minutes.

SUEZ Energy Marketing North America (SEMNA), a business unit of SENA, will offer full-service physical and financial power sales from the facility. The facility interconnects to the Houston Pipeline Company, a subsidiary of Energy Transfer Partners, LP, which will provide access to gas supplies and transportation services.

"Strong demographic trends and a growing Texas economy are driving up electric demand within the ERCOT market," said Zin Smati, president and chief executive officer for SUEZ Energy North America. "This project will help to address the area's peak electricity needs, and benefit from being located in a market in which SUEZ has existing generation and robust wholesale and retail marketing and sales capabilities." Smati added that the timing is important, in that it coincides with projected tightening electricity reserve margins in ERCOT.

About SUEZ Energy North America

Based in Houston, SUEZ Energy North America, Inc. is the business unit of SUEZ Energy International responsible for managing SUEZ's positions within the energy value chain in the United States, Mexico, and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG), asset-based trading and origination, and retail energy sales and related services to commercial and industrial customers.

SUEZ Energy North America owns and/or operates a total of 45 power, cogeneration, steam, and chilled-water facilities, including those in construction or development, representing a capacity of more than 5,538 MW of electricity generation, 6.4 million pounds per hour of steam, and 61,749 tons per hour of chilled water. SUEZ Energy North America's wholly owned subsidiary, Distrigas of Massachusetts, owns and operates a liquefied natural gas receiving terminal in Everett, Mass., which began operations in 1971 and currently serves most of the gas utilities in New England and key power producers, meeting approximately 20 percent of New England's annual gas demand. In addition, SUEZ Energy North America has two LNG deepwater port projects under development off the coasts of Massachusetts and Florida.

SUEZ Energy International is a business line of SUEZ, which is an international industrial and services Group that employs 140,000 people worldwide.

For more information about these companies and their activities, please visit the following Web sites:

SUEZ: http://www.suez.com/ SUEZ Energy International: http://www.suezenergyint.com/ SUEZ Energy North America: http://www.suezenergyna.com/

SUEZ Energy North America

CONTACT: Julie Vitek of SUEZ Energy North America, +1-617-526-8334,julie.vitek@suezenergyna.com

Web site: http://www.suez.com/http://www.suezenergyint.com/http://www.suezenergyna.com/

Source: PRNewswire

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