Énergir: Difference between revisions

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| former_names = Quebec Natural Gas Corporation (1957-1969)<br>Gaz Métropolitain (1969–2003)<br>Gaz Métro (2003–2017)
| type = [[Privately held company|Private]]
| traded_as = {{TSX link|VNR}} (through Valener)
| industry = Natural gas and electricity provider
| foundation = 1957
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| products = {{Unbulleted list|Natural gas
|Liquefied natural gas|Compressed natural gas|Biomethane| Wind power|Solar power|Hydroelectricity}}
| owner = {{Unbulleted list|Trencap[[Caisse 43de dépôt et placement du Québec|CDPQ]] 80.9%
|[[Fonds de solidarité FTQ]] 19.1%}}
|Valener 29%
| num_employees = 1,490 employees (SeptembreSeptember 30, 2017)
|[[Enbridge]] 28% }}
| assets = over [[Canadian dollar|$]]9 billion<ref>{{Cite web|url=https://energir.com/en/about/the-company/who-we-are/our-activities|title=Energir Our Activities|access-date=2024-05-07 |publisher=Energir|website=energir.com}}</ref>
| num_employees = 1,490 employees (Septembre 30, 2017)
| assets = $7 billion<ref>{{Cite web|url=http://www.valener.com/wp-content/uploads/2016/03/Fiche-investisseur-2015-Valener-ang-sec.pdf|title=Investor Fact Sheet|date=2015-09-30|access-date=6 February 2018 |publisher=Valener|website=valener.com}}</ref> {{dubious|Assets of Valener, which owns a share of Énergir? Which dollar?|date=July 2021}}
| subsid = Gaz Métro Plus, Gaz Métro LNG, Gaz Métro Transport Solutions, Gaz Métro Energy Solutions, Standard Solar, Vermont Gas Systems, Green Mountain Power, Trans Québec & Maritimes Pipeline Inc, Champion Pipeline, Portland Natural Gas Transmission System, Intragaz, CCUM, Seigneurie de Beaupré Wind Farms
| website = [https://www.energir.com/ energir.com]
}}
'''Énergir''' ({{IPA-fr|enɛʁʒiʁ|lang}}), formerly known as '''Gaz Métro''', is an [[Energy industry|energy company]] with 520535,000 customers in [[Quebec]] and the [[northeastern United States]]. It is the largest [[natural gas]] distribution company in Quebec, and, through subsidiaries, also produces electricity from [[wind power|wind]]. In the [[United States]] the company operates through subsidiaries in seventeen states,<ref>{{cite web|title=Our Subsidiaries|author=Énergir|url=https://energir.com/en/about/the-company/who-we-are/our-subsidiaries|access-date=13 September 2023}}</ref> where it produces electricity from [[Hydroelectricity|hydroelectric]], wind and [[solar power|solar]] sources, in addition to being the leading electricity distributor and the sole natural gas distributor in [[Vermont]].
 
==Background==
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On November 29, 2017, Gaz Métro was renamed Énergir to reflect its wider energy portfolio.<ref>{{cite web|url=https://www.energir.com/en/about/media/news/gaz-metro-is-becoming-energir/|title=Gaz Métro is becoming Énergir|website=energir.com|date=November 29, 2017}}</ref>
 
On September 27, 2019, Noverco closed a $1.2 billion tender offer for all Valener shares, valuing Energir at approximately $4.1 billion, and returning Energir to private ownership.<ref>{{Cite web|url=https://www.globenewswire.com/news-release/2019/09/27/1921862/0/en/Valener-Announces-Closing-of-Arrangement.html|title=Valener Announces Closing of Arrangement|date=2019-09-27|access-date=2024-05-07 |publisher=Globe Newswire|website=globenewswire.com}}</ref><ref>{{Cite web|url=https://www.spglobal.com/marketintelligence/en/news-insights/trending/p2x8a4x86jl5nsry2vxiww2|title= Noverco closes acquisition of Valener; Sempra to sell Peruvian assets for $3.59B|date=2019-10-02|access-date=2024-05-07 |publisher=S&P Global|website=spglobal.com}}</ref>
 
On June 7, 2021, Enbridge announced the sale of its shares in Energir to Trencap for $1.14 billion, again valuing Energir at approximately $4.1 billion.<ref>{{Cite web|url=https://www.enbridge.com/media-center/news/details?id=123677|title=Enbridge Announces $1.14 Billion Sale of its Financial Interest in Noverco|date=2021-06-07|access-date=2024-05-07 |publisher=Enbrdige|website=enbridge.com}}</ref> Following this transaction, [[Caisse de dépôt et placement du Québec|CDPQ]] and [[Fonds de Solidarité FTQ]] own 80.9% and 19.1%, respectively, of Trencap, which is the sole owner of Noverco, which owns 100% of Energir's shares.<ref>{{Cite web|url=https://www.cdpq.com/en/news/pressreleases/cdpq-increases-its-stake-energir-making-company-entirely-quebec-owned|title=CDPQ increases its stake in Énergir, making the company entirely Québec-owned|date=2022-01-18|access-date=2024-05-07 |publisher=CDPQ|website=cdpq.com}}</ref>
 
 
 
==Activities ==