GDF Suez To Buy FirstLight Power

September 2008 | M&A News Alert

Yet more activity in the Eastern seaboard's power sector with GDF Suez's September 2 announcement that its North American subsidiary has entered an agreement to acquire FirstLight Power Enterprises from private equity firm Energy Capital Partners. CFW has reported recently on the acquisition of Ravenswood, a New York City power plant, by TransCanada Corp in April and just last month the announcement by US Power Generating Company's that it is planning an IPO. The area is a growing market and M&A is the ideal point of entry, as building a new plant requires hard to get approvals.

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