GDF Suez to buy FirstLight Power
MONTREAL, QUEBEC - European power and water utility giant GDF Suez, in which Power Corp. of Canada is an important investor, said it is buying FirstLight Power Enterprises Inc., which operates hydro and natural gas electricity-generating plants in Massachusets and Connecticut.
The deal is worth an estimated $1.7 billion US. The seller is the U.S. private equity group Energy Capital Partners, which owns 15 other small power plants.
Related News
Improve US national security, step away from fossil fuels
NEW YORK - As Putin's heavy hand uses Russia's power over oil and natural gas as a weapon against Europe and the people of Ukraine, it's impossible not to wonder how we can mitigate the damages he's causing. Simultaneously, it's a devastating reminder of the freedom we so often take for granted and a warning to increase our energy independence as a nation. There are many ways we can, but one of the best is to follow the lead of the European Union and quicken our transition to green and renewable energies.
We've known it for a long time: our reliance…