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GDF SUEZ Energy North America Affiliate Completes Acquisition of FirstLight Power Enterprises, Inc.

Posted on: Monday, 29 December 2008, 08:40 CST

HOUSTON, Dec. 29 /PRNewswire/ -- GDF SUEZ Energy North America today announced the acquisition of FirstLight Power Enterprises, Inc. (FirstLight) from Energy Capital Partners is now complete. FirstLight owns and operates a unique portfolio of 15 power generation plants -- primarily pumped storage and traditional hydro facilities. It also has a state-of-the-art natural gas peaking power plant in construction. Together, these 16 facilities have a combined capacity of 1,538 MW in Massachusetts and Connecticut. In addition, FirstLight has various expansion opportunities within its portfolio.

"We welcome the FirstLight employees to our group and look forward to working together to solidify our presence in the sizable electricity market of New England," said Zin Smati, president and CEO of GDF SUEZ Energy North America.

New England, which has a population of 14 million people and 31,000 MW of electric generation capacity, is a core market for GDF SUEZ Energy North America. In addition to the FirstLight assets, the company also currently has six renewable and natural-gas-fired power generation assets in New England; retail electricity sales to large commercial and industrial customers; and natural gas sales to nearly every gas utility in the region through its liquefied natural gas (LNG) business. With the addition of the FirstLight operations, GDF SUEZ Energy North America is now the fifth largest electricity generator in New England.

About GDF SUEZ Energy North America, Inc.

GDF SUEZ Energy North America, Inc. manages a range of energy businesses in the United States, Mexico, and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, asset-based trading and origination, and retail energy sales and related services to commercial and industrial customers.

GDF SUEZ Energy North America owns and/or operates a total of 61 power, cogeneration, steam, and chilled-water facilities, including those in construction, representing a capacity of 7,500 MW of electricity generation, 6.0 million pounds per hour of steam, and 41,973 tons per hour of chilled water. The company's wholly owned subsidiary, Distrigas of Massachusetts, owns and operates an LNG receiving terminal in Everett, Massachusetts, 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, GDF SUEZ Energy North America has an offshore LNG import facility under construction off the coast of Massachusetts and another offshore LNG import facility under development off the coast of Florida.

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

SOURCE GDF SUEZ Energy North America, Inc.

Source: PR Newswire

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