September 3, 2008

French Utility Buying U.S. Unit Hot Stocks

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.

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