Latest GAZ Stories

RECURRING NET INCOME RISES 10% ON SOUND PERFORMANCE ACROSS ALL GAZ MÉTRO SEGMENTS Highlights: Valener -- At $24.0 million, recurring net income rises $2.2 million; and -- Quarterly dividend maintained at $0.25 per common share. Gaz Métro -- At $115.8 million, recurring net income rises $9.2 million; -- A $7.2 million1 increase in net income generated in Vermont following the June 2012 acquisition of Central Vermont...

MONTREAL, April 18, 2013 /CNW Telbec/ - Valener Inc. ("Valener") (TSX: VNR), the public investment vehicle in Gaz Métro Limited Partnership ("Gaz Métro"), will hold a telephone conference with financial analysts on Monday, May 13, 2013 at 11:00 a.m. (Eastern time) to discuss its results and those of Gaz Métro for the second quarter ended March 31, 2013. Pursuant to an administration and management support agreement entered into between Valener and Gaz Métro on September 30,...

MONTREAL, April 10, 2013 /CNW Telbec/ - Valener Inc. ("Valener") announced today that Gaz Métro inc. ("GMi") has completed its previously announced private placement of U.S.$200 million aggregate principal amount of 4.04% senior secured notes due 2043 and 4.19% senior secured notes due 2048 (together, the "Notes") to certain institutional investors in the United States. The Notes are secured by a guarantee as to payment of principal and interest by Gaz Métro Limited Partnership...

MONTREAL, April 10, 2013 /CNW Telbec/ - Gaz Métro inc. ("GMi") announced today that it has completed its previously announced private placement of U.S.$200 million aggregate principal amount of 4.04% senior secured notes due 2043 and 4.19% senior secured notes due 2048 (together, the "Notes") to certain institutional investors in the United States. The Notes are secured by a guarantee as to payment of principal and interest by Gaz Métro Limited Partnership ("Gaz Métro"), together...

MONTREAL, Feb. 28, 2013 /CNW Telbec/ - Valener Inc. ("Valener") (TSX: VNR), the public investment vehicle in Gaz Métro Limited Partnership ("Gaz Métro"), will hold its annual meeting of shareholders on March 27, 2013 at 10:00 a.m. (Montréal time) at the Palais des congrès de Montréal, 159 Saint-Antoine Street West, Room 511 A-E, Montréal (Québec). The annual meeting agenda includes the election of directors and the appointment of the independent auditor. Shareholders,...

$4.1 MILLION INCREASE IN RECURRING INCOME STEMMING FROM THE EXPECTED EARNINGS FOLLOWING GAZ MÉTRO'S ACQUISITION OF CVPS Highlights: Valener -- $14.3 million in recurring net income, up $4.1 million; and -- $9.4 million in dividends paid to common shareholders, i.e., $0.25 per common share, and $1.6 million to preferred shareholders. Gaz Métro -- $67.8 million in recurring net income, up $12.5 million;...

CH-IV International has been selected as Owner’s Engineer to prepare the Front End Engineering Design (FEED) for the expansion of Gaz Métro’s liquefied natural gas (LNG) production facility in Montreal, Quebec. Gaz Métro, the largest natural gas distribution company in Quebec, is currently looking into several solutions for improving the availability of LNG in Quebec and eastern Canada, including the expansion of its Montreal liquefaction, storage and regasification (LSR)...

MONTREAL, Feb. 5, 2013 /CNW Telbec/ - Gaz Métro inc. ("GMi") announced today that it has entered into an agreement to sell to certain institutional investors in the United States on a private placement basis U.S.$200 million aggregate principal amount of 4.04% senior secured notes due 2043 and 4.19% senior secured notes due 2048 (together, the "Notes"). The Notes will be secured by a guarantee as to payment of principal and interest by Gaz Métro Limited Partnership ("Gaz Métro"),...

Natural gas: An economical and environmental alternative to traditional fuels MONTREAL, Feb. 4, 2013 /CNW Telbec/ - Gaz Métro is proud to take stock of its achievements in line with its liquefied natural gas (LNG) development plan. The goal of this plan is to supply LNG to the heavy transport industry in Quebec and eastern Canada, via its indirect subsidiary Gaz Métro Transport Solutions, LP (GMTS), and subsequently to assess the possibility of hauling LNG by truck to service...

MONTREAL, Jan. 25, 2013 /PRNewswire/ - Boralex Inc. ("Boralex"), Gaz Métro Limited partnership ("Gaz Métro") and Valener Inc. ("Valener") are delighted that the Québec Ministry of Sustainable Development, Environment, Wildlife and Parks has issued the environmental authorization for the Seigneurie de Beaupré - 4 wind farm, a project with an installed capacity of 68 MW located in the Côte-de-Beaupré region. "Receiving this authorization demonstrates, once again, the...