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EDF Trading acquires US power plant

EDF Trading, a wholly-owned subsidiary of EDF S.A., has successfully acquired its first gas-fired generation asset in North America. L’Energia is a nominal 82MW combined cycle plant located in Lowell, Massachusetts.

“This is an important acquisition for EDF Trading and we look forward to expanding our physical presence in the New England ISO,” said John Rittenhouse, Chief Executive.

The plant has been acquired through Tanner Street Generation, LLC (TSG), a special-purpose vehicle. All existing plant operations will be outsourced to PurEnergy, the current operations and maintenance provider.

“One of the greatest assets of this plant is its people. We are fortunate to have some very experienced individuals who have been with the plant since its original construction. We look forward to being part of the Lowell community,” said Cody Moore, Head of North American Power.

For further information, please contact:
EDF Trading
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232
Email: michele.reid@edftrading.com

About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. It has its own portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.

EDF Trading is one of the largest participants in the global power, gas, coal, freight and environmental products markets. It is one of the top buyers of carbon credits from global CDM projects and has one of the most mature portfolios in the market. It is the largest importer of coal into Europe, a pioneer in the biomass market, a recognised leader in weather derivatives, one of the largest providers of market services to the wholesale gas and power sectors in North America with 15,000 MW of generation under management and the leading electricity trader in Europe.

EDF Trading is a 100% owned subsidiary of EDF, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry

For more information on EDF Trading, please visit www.edftrading.com.