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
Senior Vice President of Business Development, Chief Executive Officer of GDF SUEZ Energy Resources NA and President of GDF SUEZ Energy Resources NA
Chief Executive Officer of Suez Energy International
Chief Executive Officer of Suez Energy Generation Na, Chief Executive Officer of Suez Energía De México, President of Suez Energía De México and President of Suez Energy Generation Na
Compensation as of Fiscal Year 2014.
GDF SUEZ Energy North America, Inc. Key Developments
GDF SUEZ Announces Consolidated Earnings Results for the Year Ended December 2014
Feb 26 15
GDF SUEZ announced consolidated earnings results for the year ended December 2014. For the year, the company reported revenues of EUR 74,686 million are in decrease of 6.6% compared to 2013 and in organic decrease of 7.2%. This decrease is mainly due to the impact of climatic conditions on sales of natural gas in France and lower electricity market prices in Europe. Group EBITDA, which amounted to EUR 12,138 million, was down 6.7% (gross) and 4.2% (organic decrease). Net recurring income, group share, at EUR 3.1 billion, is in decrease by EUR 0.3 billion compared to December 31, 2013. The decline in current operating income after share in net income of entities accounted for using the equity method was largely offset by lower recurring financial expenses. Net debt reached EUR 27.5 billion at the end of December 2014, down by EUR 1.3 billion compared to end December 2013, reflecting the items of cash generated from operations before income tax and working capital requirements for the year and the issue of hybrid notes by GDF SUEZ SA at the beginning of June, decreased by the change in working capital requirements, net capex carried out by the group as well as dividends paid to GDF SUEZ SA shareholders and to minority shareholders of certain subsidiaries. The change in working capital requirements is penalized to the extent of EUR 1.2 billion by the impact of commodity price evolution on margin calls, expected to be temporary and to reverse at the expiry of transactions between 2015 and 2016. Current operating income after share in net income of entities accounted for using the equity method was EUR 7,161 million compared to EUR 7,665 million a year ago. Income from operating activities was EUR 6,574 million compared to EUR 7,124 million a year ago. Net income group share was EUR 2,440 million compared to net loss group share of EUR 9,646 million a year ago. Cash flow from operating activities was EUR 8,751 million compared to EUR 11,333 million a year ago. Net tangible and intangible investments were EUR 5,790 million compared to EUR 5,938 million a year ago.
GDF SUEZ Energy North America, Inc. to Report Q1, 2015 Results on Apr 27, 2015
Feb 26 15
GDF SUEZ Energy North America, Inc. announced that they will report Q1, 2015 results on Apr 27, 2015
GDF SUEZ Energy North America, Inc., Annual General Meeting, Apr 28, 2015
Feb 26 15
GDF SUEZ Energy North America, Inc., Annual General Meeting, Apr 28, 2015. Agenda: To consider interim dividend of EUR 0.50 share paid in October 2014; and to consider resolution aiming to maintain the one share-one vote principle.
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