[PDF] extrait-blog-GDF-Suez

Why is GDF Suez now Engie?

That’s why GDF SUEZ is now ENGIE. The world of energy is undergoing profound change. The energy transition has become a global movement, characterized by decarbonization and the development of renewable energy sources, and by reduced consumption thanks to energy efficiency and the digital revolution.

How did GDF Suez increase Loc credits?

Staff alleged that between May 2011 and September 2013 GDF SUEZ engaged in a scheme to increase the LOC credits it receives by targeting the credits paid for combustion turbine units that clear the day-ahead market and are not dispatched in the real-time market.

Did GDF Suez violate FERC's anti-manipulation rule?

GDF SUEZ neither admitted nor denied it violated FERC's anti-manipulation rule but agreed to disgorge $40.8 million, including interest, to PJM. It also agreed to pay a civil penalty of $41 million to the U.S. Treasury and to submit an annual compliance monitoring report. (FERC docket IN17-2)