Meeting the Challenges of Energy Demand Karim Barbir SVP Strategy, Portfolio and Risk Management GDF SUEZ Energy North America November 22, 2010

Pour personnaliser la date : Affichage / En-tête et pied de page Personnaliser la zone date, Cliquer sur appliquer partout NB. Sans intervention, la date se met à jour automatiquement Who is GDF SUEZ ? Overview 2009 Revenues: €79.9 billion; EBITDA: €14.0 billion; over 200,000 worldwide employees Electricity: World’s largest IPP Natural Gas: #1 buyer and transporter in Europe LNG: #1 importer in Europe and U.S. North American Business Integrated energy company; 2,000 employees Electricity: ~8,000 MW in U.S., Canada & Mexico 23 biomass, wind and hydro-powered assets in US and Canada Carbon light generation: 21% renewable; 67% gas LNG: #1 importer in U.S., supply 20% of New England’s annual gas demand Retail: #2 U.S. electricity retailer servicing commercial & industrial customers Mexico: #1 private gas transmission; gas distribution to nearly 400k customers 2

Pour personnaliser la date : Affichage / En-tête et pied de page Personnaliser la zone date, Cliquer sur appliquer partout NB. Sans intervention, la date se met à jour automatiquement  Drive towards coal retirements  Drive for efficiency Q: Timing? form? Economic Recovery Renewables Regulatory Environment and Sustainability Primary Energy Sources  Signs of recovery; gas and power demand recovering Q: Catalyst for growth?  Higher capital costs  Subsidies Q: Will incentives continue?  Shale gas advancement Q: Price impact? Fuel substitute? 3 Challenges/Opportunities for North American Energy

Pour personnaliser la date : Affichage / En-tête et pied de page Personnaliser la zone date, Cliquer sur appliquer partout NB. Sans intervention, la date se met à jour automatiquement 4 Economic Recovery Underway… And New Power Generation Will Be Needed * Solar, wood, biomass, geothermal Source: EIA New build considerations Sustainability Infrastructure needs Supply diversity Price competitiveness Coal Natural gas Hydro Oil products Nuclear 31% 39% 6% 10% 4% Today’s Generation Mix (capacity)Tomorrow US Example Wind; other renew- ables*

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Pour personnaliser la date : Affichage / En-tête et pied de page Personnaliser la zone date, Cliquer sur appliquer partout NB. Sans intervention, la date se met à jour automatiquement 7 Shale Gas - N. America’s Answer to a Domestic, Low Cost Primary Energy Source?  Supply: may be as much as 100 years of U.S. consumption by some estimates  New uses: gas-fired power generation to displace coal; petrochemicals return? residential and transportation switching?  Technology adoption: to Europe? Asia? Source: EIA 2010

Pour personnaliser la date : Affichage / En-tête et pied de page Personnaliser la zone date, Cliquer sur appliquer partout NB. Sans intervention, la date se met à jour automatiquement In a World of Cheap Gas, There is an Expanded Role for Natural Gas Fired Generation 8 A fuel source for the ‘Utility of the Future’ Carbon Light! Acceptable generation tradeoffs Competitive Advantages kg CO 2 per MWh Coal1.0 Natural Gas0.4 Flexible generation backup for wind and solar Electric vehicles Rapid deployment vs. nuclear Attractive opex/ capex profile vs. wind and nuclear High efficiency, off-the- shelf technology

Pour personnaliser la date : Affichage / En-tête et pied de page Personnaliser la zone date, Cliquer sur appliquer partout NB. Sans intervention, la date se met à jour automatiquement GDF Suez Energy North America- Meeting the Challenges Now A diversified, sustainable portfolio profitable under a variety of economic scenarios 9 Longer-term Options Expand renewables footprint where economically sensible; improve carbon position of fleet Maintain carbon-light fleet anchored by natural gas-fired generation Nuclear as a long-term option- clean, base load generation Concentrated solar, rooftop solar Renewables with PPAs Canada, US, Mexico CCGT Hydro and pumped storage Renewables firm support