GDF SUEZ Energy Resources Entering Ohio Market

GDF SUEZ Energy Resources NA announced this morning it is entering the Ohio retail electricity market, specifically entering the Toledo Edison, Cleveland Electric Illuminating, Ohio Edison, and Dayton Power & Light territories.

The entry coincides with integration of the three FirstEnergy utilities into PJM on June 1.

GDF SUEZ Energy Resources said that the integration into PJM, "could cause cost increases in certain energy supply components for commercial, industrial, and institutional customers."

"This transfer of grid control is going to bring about some potentially significant changes for anyone who is used to the pricing and processes of MISO," said Robert Wilson, President and CEO of GDF SUEZ Energy Resources.

Capacity costs, in particular, were cited by GDF SUEZ Energy Resources as likely to increase for retail end users due to PJM membership.

GDF SUEZ Energy Resources began pricing transactions on April 15 for service that starts in June 2011.

Ohio represents the 12th U.S. market served by GDF SUEZ Energy Resources. Parent company GDF SUEZ Energy North America already has in its portfolio two natural gas-fired power generation facilities in Ohio: the Ashtabula facility, a cogeneration facility providing the power and steam needs of a local manufacturer, and a 616 MW independent power plant in Luchey, OH.