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SUEZ Energy North America Affiliate Completes Sale of Chehalis Power Plant Subsidiary

Posted on: Monday, 15 September 2008, 18:00 CDT

HOUSTON, Sept. 15 /PRNewswire/ -- SUEZ Energy North America today announced that an affiliate has completed the sale of a subsidiary that owns and operates the 520 MW natural-gas-fired power generation facility in Chehalis, Washington to PacifiCorp. Financial terms are not being disclosed.

As part of the acquisition, PacifiCorp offered employment to all 15 of the employees of the Chehalis plant. All have accepted the offers.

"We are very pleased to have finalized this purchase and sale agreement with PacifiCorp," said Zin Smati, president and CEO of SUEZ Energy North America. "Following our recent agreement to acquire FirstLight Power Enterprises, we are optimizing our portfolio of power generation assets and focusing our U.S. resources on the eastern part of the U.S., from Texas to Maine, including the deregulated markets of New England ; New York ; the PJM market (extending from mid-Atlantic states to Chicago, Illinois) ; and ERCOT (most of Texas). Meanwhile, PacifiCorp is enhancing its considerable business position in the western U.S."

About SUEZ Energy North America

SUEZ Energy North America, Inc. manages a range of energy businesses within 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 47 power, cogeneration, steam, and chilled-water facilities, including those in construction, representing a capacity of more than 6,382 MW of electricity generation, 6.0 million pounds per hour of steam, and 41,973 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 about 20 percent of New England's annual gas demand. In addition, SUEZ Energy North America has an LNG deepwater port under construction off the coast of Massachusetts and an LNG deepwater port project under development off the coast of Florida.

SUEZ Energy North America is part of the international energy group, GDF SUEZ.

About GDF SUEZ

One of the leading energy providers in the world, GDF SUEZ is active across the entire energy value chain, in electricity and natural gas, upstream to downstream. It develops its businesses (energy, energy services and environment) around a responsible-growth model to take up the great challenges: responding to energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. GDF SUEZ relies on diversified supply sources as well as flexible and high-performance power generation in order to provide innovative energy solutions to individuals, cities and businesses. The Group employs 196,500 people worldwide and achieved revenues of euro 74,3 billion in 2007. GDF SUEZ is listed on the Brussels, Luxembourg and Paris stock exchanges.

SUEZ Energy North America

CONTACT: Julie Vitek, +1-713-636-1962 (office), +1-617-593-2122(mobile), Julie.vitek@gdfsuezna.com, for SUEZ Energy North America

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

Source: PRNewswire

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