Company Overview of GDF SUEZ Energy North America, Inc.
GDF SUEZ Energy North America, Inc. is engaged in energy business in the United States, Mexico, and Canada. Its activities include electricity generation and cogeneration; natural gas and liquefied natural gas distribution and sales; and retail energy sales and related services to commercial and industrial customers. The company owns and operates cogeneration, steam, and chilled water facilities; renewable fuels—wind, hydro, biomass, and solar—power facilities; and natural gas assets, which include an LNG receiving terminal in north of Boston, Massachusetts; and natural gas distribution networks and pipelines in Mexico. GDF SUEZ Energy North America, Inc. was formerly known as SUEZ Energy No...
1990 Post Oak Boulevard
Houston, TX 77056-3831
Founded in 1981
Key Executives for GDF SUEZ Energy North America, Inc.
Chief Executive Officer and President
Executive Vice President of Business Development
Senior Vice President of Business Development
Chief Executive Officer of Suez Energy International
Compensation as of Fiscal Year 2014.
GDF SUEZ Energy North America, Inc. Key Developments
Electric Reliability Council of Texas Inc. Files Claim against GDF SUEZ Energy North America, Inc
Apr 29 14
Two trading firms active in the Electric Reliability Council of Texas Inc. market filed a complaint against GDF SUEZ Energy North America Inc., claiming they lost millions of dollars because GDF SUEZ intentionally withheld power from its generating resources to drive up real-time prices. In their complaint filed April 22 in the U.S. District Court of the Southern District of Texas, Houston Division, trading firms Aspire Commodities LP and Raiden Commodities LP allege that the GDF Suez SA subsidiary intentionally withheld generation during times of tight power supply then dumped its electricity at "the artificially high price it created to make excessive, artificial profits not supported by genuine supply and demand." Seeking a jury trial and unspecified compensation for damages for GDF SUEZ's alleged violation of the Commodities Exchange Act, the complaint maintains that GDF SUEZ's intentional withholding also was done to manipulate the price of financial forward contracts traded on commodity exchanges, "allowing GDF SUEZ to uniquely predict where the commodities markets will go on days of its intentional withholding, and allowing it a unique profit opportunity not available to the public." One economic withholding scheme pulled by GDF SUEZ, the lawsuit claims, involves the company shifting its offer curve upward above ERCOT's existing locational marginal price, or LMP, during times of tight supply and when the LMP exceeded its marginal costs.
GDF Suez Energy North America Appoints Eric Bradley as New Senior Vice President of Strategy
Jan 16 14
GDF SUEZ Energy North America (GSENA) announced that it has named Eric Bradley as its new Senior Vice President of Strategy. In addition to heading the Strategy function for the company, Bradley will also oversee Acquisitions & Financial Analysis, Communications, Government and Regulatory Affairs, and new business incubation within GSENA. Bradley has been with GDF SUEZ Energy North America since 2010, where he has been responsible for defining business priorities for GSENA's gas and power interests in the U.S., Canada, and Mexico. Prior to GSENA, Bradley worked for Reliant Energy where he held a number of leadership positions within corporate planning and the retail electricity business.
GDF SUEZ Reportedly To Sell Gas Assets
May 17 13
GDF SUEZ Energy North America, Inc. aims to sell four gas-fired peakers including 620 MW Armstrong in Pennsylvania, the 609 MW Troy in Ohio, the 303 MW Calumet peaker in Illinois and the 304 MW Pleasants in West Virginia, according to bankers who pitched to lead the auction. GDF's spokeswoman did immediately comment to Power, Finance, and Risk.
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