directrice gnrale d'un groupe industriel nergtique; 25 ans de services, Vincent Collen, David Barroux et Julie Chauveau, , Dcret du 31 dcembre 2020 portant promotion et nomination dans l'ordre national de la Lgion d'honneur, https://fr.wikipedia.org/w/index.php?title=Catherine_MacGregor&oldid=201657000, Portail:Biographie/Articles lis/Sciences, Portail:Biographie/Articles lis/Entreprises, licence Creative Commons attribution, partage dans les mmes conditions, comment citer les auteurs et mentionner la licence. And obviously, it mitigates the intermittency, which is still quite an issue with renewables, as we know. European utility giant Engie named oil & gas industry veteran Catherine MacGregor as its new CEO with a remit to lead the French group's ambitious renewables and energy transition plans. The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. So lots of enthusiasm around renewable. [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . university Second, change in working capital requirements from activities, excluding energy management, had an impact of negative 200 million. So when you will reinvest? We had very good results from our Italian assets due to higher level of ancillaries as well as to higher spreads captured throughout Europe. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. We use We invested 1.5 billion growth CapEx in 2020, mainly in Brazil, on power transmission lines and for the acquisition of the remaining 10% in TAG. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. I will try and stick to two questions, too. https://www.linkedin.com/in/catherine-fiamma-macgregor-3008171/. Elle est alors nomme prsidente New Ventures de TechnipFMC. We think its important to have a system play on renewables. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line, Glad to see all the progress Engie is doing in becoming a renewable leader. And then your other question was related to the organization. Lastly, COI for other activities decreased as 2019 benefited from a positive one-off related to partial sale of a gas supply contract, in 2020 was impacted by COVID mainly due to credit losses for GEM. And so we are working really hard on these networks to find alternatives to use preferably renewables, things like biomass for example. So quite frankly, it is a normal run rate of dilution of 100 million when you look at a 2 billion debt reduction. De mme pour Angeles Garcia Poveda, prsidente du conseil d'administration de Legrand et Barbara Dalibard, prsidente du conseil de surveillance de Michelin. But let me reassure you, there are several processes that have been launched, and so were confident that we can move at speed to really help simplify the group through the disposals. So the what is happening here in France on biomethane is actually quite real, and so we are now looking at potentially having sufficient volume to fully displace what will be needed in gas at the 2050 horizon. We do believe that its important to keep return in mind whenever we bid, and there is no must-win auction in ENGIE. Is it something that you will tell us more about in May? I was wondering whether you could just remind us where youre still using coal in district heating and what the options are there, whether youre planning on investing and converting those units to cleaner fuels? To Engie in my case. The President & CEO of the Finnish grid company Fingrid Oyj, Jukka Ruusunen, D.Sc. Let me now focus on the evolution of net debt and on our leverage ratios. COI decreased mainly driven by a 600 million impact from the pandemic. Ill start maybe with, again, the second one on renewables. Jean-Pierre Clamadieu, Chairman of the Board of Directors, declared: On behalf of the Board and employees of the Group, I am pleased to welcome Catherine MacGregor and wish her full success in her missions. A short stay for a rich experience and deep learning. This was partially offset by capital gains, the main one being 1.7 billion due to the sale of the 29.9% shareholding in SUEZ. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Officer of ENGIE SA since . The current total coupon of 100 million per year has been reduced by 28% since 2017. That will put pressure on Ms MacGregor to make her mark . Indeed, we had an increase a temporary increase in 2020 to 32.5%. In terms of operational performance, I am pleased that the group made progress at pace despite the challenging backdrop. Were going to really focus on a few geographies. Both include the construction of new substations and upgrades to existing substations and are expected to be commissioned in the second half of this year. For a full comparison of Standard and Premium Digital, click here. Firstly, Id like to share everyones sentiments in wishing Catherine well in her role. Elle y dirige des activits de forage au Congo, en Mer du Nord 3, aux tats-Unis, en Malaisie, au Royaume-Uni et en France 4. #beyou #beunique #beunited ENGIE Africa Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. So that is roughly what you have to have in mind. In summer 2019, she joined the Executive Committee of TechnipFMC Group, to lead its engineering division. So our main working scenario right now is that it wont happen. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? One was the CapEx. The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. And my second question will be more accounting related regarding EVBox. Now its a little bit difficult for me to really be critical about the past. Last but not least, visiting BV head office in Mumbai and meeting SSC and SAR management team. She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. But time will tell. And then I also had a question on the coal phase out. Okay. Dans intrt de la France, Lets now move to Thermal, which was impacted by scope and FX, notably, 90 million of disposals mainly in Thailand and close to 40 million negative FX impact. And I look forward to leveraging their strengths to deliver on a full agenda in such critical times for the energy industry and for ENGIE. Learn more in our Cookie Policy. Then rapidly followed: "what am I gonna use that for ? We delivered for our customers while continuing to invest in major capital projects. We also benefited from higher contributions of GTT thanks to a strong past order intake. It honours and commits me. Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. Yes, Judith, just to follow up on the Nuclear, can I just ask setting aside the provisions and the cash payments against those which we know about, can I just ask, do you anticipate any positive free cash flow from the nuclear fleet now in the rest of its life, I mean, if you just look at operating cash flow and essentially operating CapEx that youve got to put in? Thank you, Sam, for your welcome message and your welcome question. And so were excited about this transaction. These positive effects were partly offset by lower volumes mainly due to a decrease in availability of our Belgian assets caused by the last planned LTO maintenance works on Doel 1, Doel 2 and Tihange 1. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Okay. Recharge is part of DN Media Group AS. In recognition of their outstanding contribution in this energy crisis, given the inflationary context and our financial performance, we have decided to award an extraordinary bonus of 1500 to all ENGIE employees worldwide. We currently have leadership positions in all of these activities, and recent successes include a 30-year contract signed in Monaco to design, build, own and operate a seawater heating and cooling network that will enhance energy efficiency. Thank you Renata Spada for being yourself and authentic. When I think of hydrogen for ENGIE, I think all of our activities, all of our mtier benefit. Comptences clefs . So 25% of your business is in Thermal, and its an area that youre not particularly resting hugely behind if you look at the growth CapEx numbers. And on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. Excellent example of circular economy ! About Catherine MacGregor MacGregor became the CEO of French energy company Engie in January 2021. Thank you very much, Aarti, and good morning, everyone. For example, we significantly enhanced our renewables footprint in the U.S. Catherine MacGregor est elle-mme mre de deux filles 2 . With our experience, knowledge and reach we can optimally meet your businesses media needs and requirements in three cohesive ways: Network with the right people, Insight into the industry, and Talent to the right place. We maintained a high level of liquidity with 23 billion, including 13.3 billion of cash as at the end of December 2020. Now having said that, we are also very excited about transitioning our gas systems into renewable and by that, I mean, renewable gas. Lets now look at the outlook for 2021 starting with our capital reallocation to fund growth. DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. And then just another one on guidance. French energy group Engie's ENGIE.PA board is set to appoint Catherine MacGregor, a top executive at Franco-American oil services firm TechnipFMC FTI.N as CEO, eight months after the ouster of Isabelle Kocher, a source familiar with the situation told Reuters. MacGregor will take the helm at Engie in January 2021, joining from TechnipFMC Group where she has spent just over a year as head of Technip Energies. In addition, ENGIE also progressed geographic rationalization and strengthened its position in key regions. What you would be looking for? And with that, Im pleased to hand you over to Catherine. Elle a t leve au Maroc[1]. Currently, we have 3 gigawatts under construction for commissioning in 2021, and we are on track to achieve the 2019 target of commissioning 9 gigawatts in three years by the end of this year. Now from a also power system standpoint, gas today is also a very nice complement to renewables because it has brings the flexibility. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. Recharge is part of DN Media Group. We have a lot of experience over the years developed through our generation and thermal activity. She occupied a number of roles within [] Posted mercredi, avril 14 2021 Last month, with her feet barely under the desk, Catherine MacGregor was required to appear before the French senate's economic affairs committee be grilled on Engie's strategy. "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." Its a pleasure to welcome Catherine to ENGIE, and Im looking forward to executing our strategic plan together. As always, my team and I are here to assist you, so do please reach out. CEO - Engie. A very fine, humane gesture that you promised your ENGIE colleagues. And I just wanted maybe to clarify that the government has not explicitly made the decision. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. And so our thermal fleet has a very, very important role to play there. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. And so to in that respect, I think your comment might be valid. No, absolutely. And as in the past, we will be very mindful of timing. Name: Katherine MacGregor Birth Year: 1925 Birth date: January 12, 1925 Birth State: California Birth City: Glendale Birth Country: United States Gender: Female Best Known For: Katherine. Organically, these evolutions were slightly better. Thats one thing. Good luck with the new role, Catherine. This change led to an impairment, which Judith will cover shortly. #buckminsterfuller #trimtab #climatechange. The renewables COI, could you break that down, if you dont mind, into the change in hydro versus wind and solar in the 2020 numbers? Minority interests were lower mainly due to lower contributions from our listed entities in Latin America and to the scope effect of Glow. So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. Great post Catherine Fiamma MacGregor! One second, it will be over soon. And then, of course, now this partial sell down that were planning into a SPAC transaction. And Im going to pass it on to Judith now for the COI details on Renewables. And so every year, we will allocate capital to that, and thats 1.3 billion a year. Our environment is changing. This translates to a dividend of 0.53, which will be proposed for shareholder approval at our AGM on the 20th of May. As CEO of ENGIE, I am particularly proud of what we have achieved with our teams. personalising content and ads, providing social media features and to Delivering on decarbonization while ensuring reliability and affordability can only be achieved through a combination of centralized and decentralized solution and with a mix of energy sources. I am very pleased that Jrme Stubler, who has more than 30 years' experience in the construction industry, joined us recently and will be leading this important project. You have, of course, in mind, that we have committed to fund our waste provision until 2025. And then, of course, you also remember that, in 2020, we have decided to more consolidation where it makes strategic and financial sense, as it was mentioned earlier. An example of the latter is the continued rollout of smart meters, where we installed an additional two million smart meters in France last year. fusion, The ability to manage risk, we see mature risk increasing in the renewable arena, and we are really good at that. Its, quite frankly, one of the big wins, I think, of last year when you think about it because both operationally to take this company to a level and multiply by almost 10 times their revenue over the last two years. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. . So thats one aspect of it. Welcome again to Catherine. Judith? So its a little bit of a total team, but we at this stage, that decision from the government hasnt been explicit. And side comment also on this is that our employees are obviously very excited about renewable as being a growth center of a growth engine for us in ENGIE, so as well as obviously being a key goal of our ESG road map. The second half of 2020 showed a strong recovery after second quarter, which has which was heavily impacted by COVID. You certainly have a lot of people out here who want you to be very successful. Education Catherine MacGregor has obtained a degree from CentraleSuplec in 1995. So I thought, on this occasion, it would be great if you could take a few minutes just to share with us sort of your perspective on why the last few years have been so difficult for ENGIE, why the 2016 asset rotation plan didnt really deliver in the end and why the current asset rotation plan may be more successful. And I can confirm that the whole executive committee is passionate about moving along our strategy and enhancing our performance culture. The 3 gigawatt that we commissioned last year is in our key growth market for renewables, namely the U.S., Europe and Latin America. Our group remains committed to Belgium and to contributing to the countrys security of supply. - Accompany our customers in their decarbonization strategies to face the climate emergency I think we are now about time, so I would like to thank you for your attention. Do you see eventually opportunities in the future going forward with the convergence between power network and gas network considering the evolution of the hydrogen, Catherine? On the strength of our shared industry culture and my operational experience, I will work with all of our teams to achieve our goal of enabling ENGIE to accelerate the energy transition.. Its were rounding numbers here, as you can see, because like I said, this is our target. In 2020, most of our newly commissioned assets were onshore wind followed by solar. A particular region of international growth in Networks has been Latin America, where, in addition to gas, we are also building power transmission lines. organisation So on EVBox, were very happy to have announced this transaction. The issue of having mtiers and activities that are so different from each other and I think weve talked a little bit about the multi-technical services, as an example, that require a management focus, a capital allocation policy, a system and attention to every cent that you have to spend, which is not necessarily something that is ENGIE DNA. In addition, we had higher contributions from power transmission lines in Brazil as their construction is progressing well. And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? This very unusual year translated into a mixed set of numbers. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. Are you talking about Q3, Q4 for the end game? In green mobility, were a leading global provider of smart charging solutions for electric vehicles through EVBox, a start-up we acquired in 2017. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Is it something that could be you realize value of and take advantage of low rates? This is value neutral over time as D&A is integrated in the regulated revenue. CEO of French energy giant Engie since January, Catherine MacGregor hopes to lead the company into a brighter and greener future. Moving to Networks, which were resilient despite the pandemic. We expect EBITDA to be in the 9.9 billion to 10.3 billion range, COI to be in the 5.2 billion to 5.6 billion range, and net recurring income group share to be in the 2.3 billion to 2.5 billion range. In addition to this strong organic growth, we also added 2 gigawatts through acquisition of operating assets. And weve announced that there might be a second step, but we will obviously cross that bridge when it comes to it. Our near-term priority in the region is to commission two major electricity transmission projects. In this uncertain environment, ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance and we have stayed on track! For example, we signed several corporate PPAs with Amazon for a 650-megawatt global portfolio of wind and solar projects across the U.S., Italy and France. Renewables showed continued progress and overall operational resilience to COVID with organic growth of 11% in 2020. And Judith? So in terms of creating an entity as part of our strategic review of Client Solutions, one of the things that is important to understand about this business is that it has grown within ENGIE as a series of acquisition and local development and so today, dont quite belong into a coherent entity and is not led as an independent or well-defined part of ENGIE. ENGIE is a major player in the energy sector, and we are extremely well placed to tackle most of the challenges posed by this transition. She has spent her entire professional career working in the energy sector. This is what I am committed to. So naturally, were landing more just below a 100 million figure for 2021. However, we claim we have a valid solution to the above problem,, inviting large corporations like Engie and others reading this, to scrutinize our numbers and concept very carefully. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). This was due to higher contributions from entities with minorities, which fully contributed at EBITDA and COI levels but only contributed at share at net recurring income group share level. But just one observation is a key part of success, I think, for some of your peers has been laying out quite detailed guidance over a 3-year period. Est 53 centrales nuclaires qui vous donnent l'lectricit la moins chre au monde, If you have an ad-blocker enabled you may be blocked from proceeding. And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. Overall, these positive factors are expected to more than offset year-on-year negative evolutions. Even if you ten-double the installations of these sources, the 40% remains. Also adding to national energy insecurity and dependence on fossil producing countries at colossal scale. So really, in summary, three elements: complexity, sharper capital allocation, everybody pulling in the same direction and performance culture are three important elements, I think, that are going to make a difference and allow ENGIE, indeed, to strive in those strong tailwinds that continue to be there for us. You may now disconnect. MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. Precisamos de 20.000 apoios para que a ideia se transforme em lei. The reversal of a positive internal one-off from the fourth quarter of 2019 offset in supply as well as the first effect of the RAB remuneration rate decreases also contributed to this lower COI in France. What an insightful stay in India this week starting with a technical conference on #hydrogen #certification at #IndiaEnergyWeek then meetings with 7 industrial players developing hydrogen projects across #India. This decision, effective as from January 1st 2021, is the result of a selection process, led by Jean-Pierre Clamadieu, Franoise Malrieu and members of the Appointments, Compensation and Governance Committee, following the highest standards of governance. France's Engie appointed an oil services executive to execute its strategy of refocusing the utility on renewable energy and grids, overlooking the internal candidate behind its new green strategy.. Engie said in a statement it had appointed Franco-American oil services firm TechnipFMC executive Catherine MacGregor as new CEO, effective Jan. 1, 2021. If so, do you have a view to what level? From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. This growth will be partly offset by a lower benefit from the GFOM ruling in Brazil and by the assumed FX deterioration. A cycle, of course, could be 3, 4, 5 years depending on the country. We announced last December that EVBox would be listed on the New York Stock Exchange. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. You may change or cancel your subscription or trial at any time online. So again, when you think about the business and the need to have a resilient power system, gas has actually a very critical role to play. All information you need to have a pleasant time during the event. The negative temperature effect was roughly 100 million in France with lower gas volumes distributed in by GRDF. Son profil de spcialiste, sa connaissance des enjeux oprationnels et des mtiers de l'nergie, son exprience internationale sont autant d'atouts pour le groupe You will remember last year, we had close to 200 million, which was really driven by 2 things or 2019, sorry, we had roughly 200 million, 2 things. Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. Anyone whos keen to learn more about the topics that are currently driving our industry is more than welcome to attend the event! Maybe I will start with your second question, which relates to the coal used in DHC. Problem: 40% of the hours of the month there is minimum wind and zero sun.
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