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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

  • Centrica confirms BE interest

    UK-based energy company Centrica has confirmed that it is in discussions with a "third party" with a view to taking a minority stake in UK nuclear generator British Energy (BE). The third party is thought to be EdF, whose takeover of BE collapsed last week.
    Posted to World Nuclear News (Weblog) by Anonymous on 08-05-2008

  • 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

  • What now for British Energy?

    British Energy (BE) rejected a revised takeover offer from Electricité de France (EdF) late last night. Matching announcements from both sides confirm that discussions continue. The French generator and supplier put in an offer of at least 680p per share in June, which was rejected by the BE board as...
    Posted to World Nuclear News (Weblog) by Anonymous 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

  • BE performance, earnings down

    Technical problems at some of its nuclear reactors resulted in lower output and earnings for British Energy during the 2007-2008 financial year, despite overall operational improvements. Speculation continues about the future of the UK nuclear generator, currently up for sale.
    Posted to World Nuclear News (Weblog) by Anonymous on 06-19-2008

  • Where the Hot Wind Blows: Some Odder Ends

    The Guardian has an interesting article about the harder look being taken at microgeneration: British buildings equipped with solar, wind and other micro power equipment could generate as much electricity in a year as five nuclear power stations, a government-backed industry report showed today. Commissioned...
    Posted to Nuclear Energy Institute (Weblog) by Anonymous on 06-16-2008

  • 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
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