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  • EDF To Buy British Energy for $23.2 Billion

    We have a winner in the British Energy Stakes. Per the BBC , French energy firm EDF has agreed to buy British Energy, the firm which operates eight UK nuclear power plants, in a £12.5bn deal. In addition, British Gas-owner Centrica said it is in talks with EDF to take 25% of all power generated by British...
    Posted to Nuclear Energy Institute (Weblog) by Anonymous on 09-24-2008

  • New dawn for UK nuclear power

    British Energy is to be sold to Electricité de France (EdF) for £12.5 billion ($23.1 billion). New nuclear reactors will be built at Sizewell and Hinkley Point while the governments proceeds from the sale should "more than" cover all BE's clean-up costs.
    Posted to World Nuclear News (Weblog) by Anonymous on 09-24-2008

  • British Energy and EDF: A Fractious Romance?

    The British government, wanting to divest itself of its share of British Energy, had many suitors coming by with flowers and blandishments before it finally succumbed to the Boyer-inflected Pepe LePew of energy companies, Electricite de France. However, we now learn that the rain has washed the white...
    Posted to Nuclear Energy Institute (Weblog) by Anonymous on 08-04-2008

  • EDF abandons British Energy bid and role in new reactors

    From the Gaurdian The French power giant EDF has backed out of an anticipated £12bn deal to take over British Energy. The state-controlled electricity company had been expected to announce details of the bid at a press conference this morning. However, in the early hours EDF released a statement saying...
    Posted to Nuclear Suppliers (Forum) by Highrad on 08-01-2008

  • BE in 'advanced discussions'

    British Energy (BE) has confirmed it is engaged in "advanced discussions" in response to a new round of media interest in the future of the firm. BE owns eight power reactors and some of the UK's most promising sites for new build. Electricité de France (EdF) is widely held to be the only...
    Posted to World Nuclear News (Weblog) by Anonymous on 07-25-2008

  • EdF bid too low, says British Energy

    British Energy (BE) said that although it had received a range of bid offers, "none of the proposals put forward so far is above the share price at the close of business on Friday 6 June." BE's shares had closed at 735 pence ($14.37) per share. In a statement, the company stated that "in...
    Posted to World Nuclear News (Weblog) by Anonymous on 06-10-2008

  • Au Revoir, EDF?: British Energy Rounds Up Some More Bidders

    We wrote a couple of days ago we may have jumped the gun on the British Energy story by declaring Electricité de France (EDF) the last company standing in the bidding for the nuclear utility. We did - or might have. While British Energy says it has more interest, it will not say who has expressed...
    Posted to Nuclear Energy Institute (Weblog) by Anonymous on 05-16-2008

  • Bon Jour, EDF: British Energy Finds a Bidder

    Well, maybe. The British Government solicited bids for its 35% share of British Energy, which runs eight of the ten nuclear energy plants in the country. The last several weeks have seen stories about the Germans (E.ON) and Spanish (Iberdola - they now own Scottish Power) dropping by to kick the tires...
    Posted to Nuclear Energy Institute (Weblog) by Anonymous on 05-14-2008

  • EdF buys potential UK sites

    EdF Energy, the UK business of Electricité de France (EdF), has confirmed to World Nuclear News its purchase of land in the UK. The plots are located next to the existing nuclear power generation sites of Wylfa, on the Welsh island of Anglesey, and Hinkley Point in Somerset, England. The company recognised...
    Posted to World Nuclear News (Weblog) by Anonymous on 05-12-2008

  • Report: EdF to bid for British Energy

    The board of Electricité de France has given the 'green light' to launch a takeover bid for British Energy (BE), according to La Tribune . The French newspaper attached a figure of £6.7 billion ($13 billion) to the potential move, based on British Energy's current share price. The news comes...
    Posted to World Nuclear News (Weblog) by Anonymous on 04-04-2008
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