PARIS (AP) – Franco-Belgian utility GDF Suez says its revenues are up 8.4 percent this year so far, driven in part by weather conditions in France and a decision there that will allow the company to recoup money lost in a government-mandated freeze on natural gas prices.
The company said Wednesday that it brought in (EURO)70.9 billion ($91.9 billion) in the first nine months of 2012. Some of the company’s strongest growth came from France. In the summer, a state body overturned a freeze on gas prices implemented by the government at the end of 2011.
GDF is also benefiting from a return to normal weather in France after an unusually warm early winter last year. Weather has been on GDF’s side all 2012, with a late-winter cold snap and a chilly summer.
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