Belgian energy leader Tractebel expands its stake in the U.S. with launch of energy trading company in Houston.NEW YORK--(BUSINESS WIRE)--April 9, 1997-- Trading by Tractebel Energy Marketing is a first for a European Utility in the U.S. The chief executive officer of Tractebel S.A., the international Belgium-based utility and industrial services group, detailed today the company's expanding role in the worldwide energy business, including a bigger stake 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. with the formation of an energy marketing and trading operation in Houston. Baron Bodson, Tractebel's 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. , said the launch of the Houston-based company, known as Tractebel Energy Marketing Inc., marks the first time a European utility has created an energy trading company in the United States. Through the 1995 acquisition of the Houston-based independent power producer (IPP (Internet Printing Protocol) A protocol for printing and managing print jobs over the Internet using HTTP. Initially conceived by Novell, Xerox and others, the IETF made it a standard in 2000 that includes authentication and encryption. See printing protocol and LPD. ) CRSS CRSS Critical Resolved Shear Stress CRSS Commercial Remote Sensing System CRSS Consolidated Range Simulation System (Western Space Lift Range) , Tractebel became one of the ten largest IPP's in 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. . "The launch of Tractebel Energy Marketing Inc. is a logical next step in our company's global strategy," Bodson said. "We are adding a new piece to our commercial approach, which for the past several years has included active investment and development in a number of international markets that are in various stages of regulatory change. The United States is a vital component of our expansion plans." Tractebel Energy Marketing Inc. will market and trade electricity, natural gas, and fuel oil at both the wholesale and retail levels. It is a wholly-owned subsidiary of Tractebel in the United States and will be headed by Philippe van Marcke, president; Bill Coorsh, senior vice president; George Lyons George Lyon (1761 – 22 April 1815) was a gentleman highwayman in England. Lyon was born in Upholland, near Wigan, Lancashire, to a poor family. His name was George Lyon - not George Lyons as some historians wrongly observe. , vice president for wholesale trading; Bob Wilson Bob Wilson is the name of:
Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. Desjardins, and Jean-Pierre Langlois, vice presidents for bulk retail; George Smith, director of operations and short-term trading; and Gerald Balboa, trading director. The company will be active both in the United States and Canada, with offices in Houston, Boston and Montreal. The parent company, Tractebel S.A., is a diversified international energy and industrial services company with operations in more than 100 countries in electricity, gas, waste management, technical installations, engineering, communications, and real estate. Its installations represent approximately 23,000 megawatts (MW) of electricity generation capacity. Since the early 1990s, Tractebel has developed electricity and gas projects in 17 countries outside of Belgium: Argentina, Canada, Chile, China, Germany, Hungary, India, Italy, Kazakhstan, Northern Ireland, the Sultanate of Oman, Peru, Portugal, Singapore, Thailand, U.S.A. and Vietnam. With 13,200 MW of installed domestic capacity in Belgium, Tractebel controls 94% of the country's needs, 87% of its electricity distribution, and 92% of its gas distribution. Its international generating capacity outside of Belgium is 10,085 MW of electricity, in operation or under construction, and heat production installations equivalent to 1,405 MW, and 4.5 Gm3 gas distribution. "In the wholesale energy arena, we expect Tractebel Energy Marketing Inc. to be a reliable market-driven trader servicing utilities, producers, and municipalities, that is flexible enough in its strategic thinking to be one step ahead of the market," Bodson said. "On the bulk retail side of the market, we expect to be a multifuel supplier to industrial and commercial end-users and a complete provider of services. Our aim is not simply to offer the lowest price, but also to supply a total package of client assistance and follow-up to help clients take advantage of the best energy applications and efficiency gains. Tractebel Energy Marketing Inc., a Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. (FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability )-licensed power marketer, expects soon to be a member of the Western Systems Power Pool, and is seeking membership in the New England Power Pool. Tractebel Energy Marketing Inc. holds an export license from the Canadian National Energy Board for 1,000 MW. CONTACT: Citigate Communications, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Mark Berman/Jeannette Paladino 212/508-3400 |
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