Latest Suez Stories

NEW YORK, July 5, 2011 /PRNewswire/ -- GDF SUEZ and International Power (70% owned by GDF SUEZ) are pleased to announce that the Astoria Energy II plant in New York City commenced commercial operation on July 1. The 575MW gas-fired project, in which IPR-GDF SUEZ North America has a 30% equity interest, will sell its entire output to the New York Power Authority under a 20-year contract. The total project cost of Astoria Energy II is approximately US$1.3 billion (euro 0.9 billion). (Photo:...

VANCOUVER, May 31, 2011 /PRNewswire/ - Carbon Friendly Solutions Inc. (CNSX: CFQ) ("CFS" or the "Company") is pleased to announce that its wholly-owned subsidiary, Global CO2 Reduction Inc., has acquired 51% of biomass producer CARBIOPEL - ECO STREAM S.A., Poland ("CARBIOPEL"). The pellet producer - CARBIOPEL is projected to yield 20,000 tons of pellets during 2011 with estimated revenue of USD $3.4 million, 40,000 tons by the end of 2012 and a minimum of 80,000 tonnes by the year...

HOUSTON, May 10, 2011 /PRNewswire/ -- GDF SUEZ Energy Resources NA today announced that Kelly Tomblin, who has more than 20 years of experience in the energy and utility sector, has been named Regional Vice President, PJM, Mid-Atlantic. (Logo: http://photos.prnewswire.com/prnh/20100210/DA52541LOGO) Tomblin will oversee the management of customer relationships in five markets that are part of the PJM Interconnection: Pennsylvania, Maryland, New Jersey, Delaware and Washington, D.C. Tomblin...

HOUSTON, May 3, 2011 /PRNewswire/ -- GDF SUEZ Energy Resources NA announced it is entering the Ohio retail electricity market, bringing expanded options for pricing, products, and services to customers in the Toledo Edison, Cleveland Electric Illuminating (CEI), Ohio Edison, and Dayton Power & Light territories. (Logo: http://photos.prnewswire.com/prnh/20100210/DA52541LOGO) The move coincides with a decision by FirstEnergy to transition grid control for its Ohio transmission utilities...

PARIS, April 14, 2011 /PRNewswire-FirstCall/ -- A public consortium comprising CNP Assurances, CDC Infrastructure and Caisse des Depots is in advanced discussions with GDF SUEZ to forge a long-term partnership in the natural gas transportation industry in France and the rest of Europe. To this end, the consortium would acquire a 25% minority interest in GRTgaz for EUR1.1 billion. "The decision to acquire an interest in GRTgaz is aligned with CNP Assurances's long-term investment...

PHILADELPHIA, April 5, 2011 /PRNewswire/ -- The Philadelphia Zoo announced today that GDF SUEZ Energy Resources, the retail energy business of GDF SUEZ Energy North America, will supply its electricity for the next two years, beginning with 25 percent of the Zoo's electricity consumption offset by renewable energy certificates (RECs). RECs represent the environmental attributes of electricity generated from wind, solar or other renewable power facilities. (Logo:...

ATLANTA, March 16, 2011 /PRNewswire/ -- For the second consecutive year, GDF SUEZ Energy Resources, the retail energy business of GDF SUEZ Energy North America, will supply renewable energy certificates (RECs) to the Association of Energy Engineers (AEE) for the 2011 Globalcon Conference & Expo. (Logo: http://photos.prnewswire.com/prnh/20100210/DA52541LOGO) The RECs, which will be Green-e® Energy Certified, will match the electricity consumed at the Pennsylvania Convention Center...

NEWARK, N.J., Feb. 22, 2011 /PRNewswire/ -- Political upheaval in the Middle East is shining a spotlight on the risks to international shipping at the relatively few but vital transportation channels serving global trade. Terrorism, piracy, natural disasters and social unrest pose an enormous threat in areas surrounding the Suez and Panama canals and the Hormuz and Malacca straits. This week, The Journal of Commerce examines the rapidly evolving strategies in risk management that aim to...

WASHINGTON, Feb. 9, 2011 /PRNewswire-USNewswire/ -- The following is being released by Al Madar: Defense analysts agree that the Egyptian uprising against Hosni Mubarak does not yet threaten the Suez Canal, which remains essential to U.S. energy security. While Egypt is not among the region's oil producing nations, if the Mubarak regime is replaced by a strongly anti-American regime, access to the Suez Canal could hypothetically be restricted to tanker ships en route to energy markets in...

PARIS, Feb. 9, 2011 /PRNewswire/ -- SHARP RISE IN REVENUE ACROSS ALL BUSINESSES IN 2010 Revenue EUR 13,869 million, +12.8% rise across all divisionsEBITDA: EUR 2,339 million, + 13.6%, with EUR 120 million cost savings(COMPASS 2) Net Result group share: EUR 565 million, +40.1%, EUR 1.15 earnings per share. CONTINUATION OF THE GROWTH AND BUSINESS PERFORMANCE STRATEGY IN 2011-13 Annual activity growth greater than or equal to 5%(1), based on innovation and strengthened position in buoyant...