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French Utility Buying U.S. Unit Hot Stocks

September 3, 2008

The French utility company GDF Suez said it would buy a U.S. electricity provider, FirstLight Power Enterprises in New England. GDF gave no financial details in a statement.

“FirstLight will complement GDF Suez’s LNG and gas business in North America and will strengthen the group’s existing power- generating assets and retail activities in New England and eastern Canada,” Dirk Beeuwsaert, chief executive of GDF Suez Energy International, said.

Originally published by Reuters.

(c) 2008 International Herald Tribune. Provided by ProQuest LLC. All rights Reserved.




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