GDF SUEZ Energy North America announced the acquisition of FirstLight Power Enterprises Inc. (FirstLight) from Energy Capital Partners is now complete. FirstLight owns and operates 15 power generation plants — primarily pumped storage and traditional hydro facilities. It also has a natural gas peaking power plant in construction. Together, these 16 facilities have a combined capacity of 1,538 MW in Massachusetts and Connecticut.
“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 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 business. With the addition of the FirstLight operations, GDF SUEZ Energy North America is now the fifth largest electricity generator in New England.
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.
In North America, the company owns and/or operates 61 power, cogeneration, steam, and chilled-water facilities, including those in construction, representing a capacity of 7,500 MW, 6.0 million pounds per hour of steam and 41,973 tons per hour of chilled water.