Basa Resources, Inc. Signs Renewal Contract with SUEZ Energy Resources.HOUSTON -- SUEZ Energy Resources NA, the U.S. retail energy business of SUEZ Energy North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , announced today that Basa Resources, Inc., one of Texas' Top 20 oil producers, has chosen to renew its contract with SUEZ Energy Resources. SUEZ Energy will continue to provide the company's electricity through 2014. SUEZ Energy's original contract with Basa will expire in mid 2009. In a very competitive proposal process, SUEZ Energy came out on top of all its competitors, and as a result, will provide electricity service to Basa Resources electric accounts with a peak demand of over 25 MW in the Oncor territory. The accounts serve oil and gas wells located in West Texas. "We chose to continue our relationship with SUEZ Energy Resources to supply electricity to our major accounts in West Texas because the company's proposal provides the best combination of cost and service for our needs there," said Mike Foster, president, Basa Resources, Inc. "Customer service is important to us, which is why we have chosen to stick with an energy company that consistently responds." SUEZ Energy Resources' renewed contract with Basa further demonstrates its commitment to customers. "We are very pleased to foster this continued relationship with Basa Resources," said Michel Sirat, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , SUEZ Energy Resources. "We pride ourselves on our competitive pricing, strong products and dedicated service. As a result, we continue to build and maintain strong relationships like this one with our entire customer base." SUEZ Energy Resources NA currently serves commercial and industrial customers in nine states: Texas, Massachusetts, Maine, Maryland, New York Maryland is a town in Otsego County, New York, United States. The population was 1,920 at the 2000 census. The Town of Maryland is on the county's south border, and was named for the U.S. state of the same name. , New Jersey, Pennsylvania, Illinois, Connecticut and also Washington, D.C. The company serves commercial and industrial customers with peak demands ranging from 50 KW to more than 200 MW. To learn more about SUEZ Energy Resources NA visit www.suezenergyresources.com or call 1-866-999-8374. About SUEZ Energy North America, Inc. Based in Houston, SUEZ Energy North America, Inc. is the business unit of SUEZ Energy International responsible for managing SUEZ's positions within the energy value chain in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Mexico, and Canada, including electricity generation and cogeneration cogeneration In power systems, use of steam for both power generation and heating. High-temperature, high-pressure steam from a boiler and superheater first passes through a turbine to produce power. , natural gas and liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG LNG (liquefied natural gas): see under natural gas. ), asset-based trading and origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real , and retail energy sales and related services to commercial and industrial customers. SUEZ Energy North America owns and/or operates a total of 47 power, cogeneration, steam, and chilled-water facilities, including those in construction, representing a capacity of more than 5,713 MW of electricity generation, 6.1 million pounds per hour of steam, and 42,649 tons per hour of chilled water. SUEZ Energy North America's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Distrigas of Massachusetts, owns and operates a liquefied natural gas receiving terminal in Everett, Mass., which began operations in 1971 and currently serves most of the gas utilities in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. and key power producers, meeting approximately 20 percent of New England's annual gas demand. In addition, SUEZ Energy North America has two LNG deepwater port projects under development off the coasts of Massachusetts and Florida. SUEZ Energy International is a business line of SUEZ, which is an international industrial and services Group that employs 140,000 people worldwide. For more information about these companies and their activities, please visit the following Web sites: SUEZ: www.suez.com SUEZ Energy International: www.suezenergyint.com SUEZ Energy North America: www.suezenergyna.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion