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BBC NEWS | Views sought over nuclear build

Tue, 07 Oct 2008 08:53:41 -0000

A series of public events is planned to discuss plans for a new nuclear plant at Hinkley, Somerset.

Local residents will be give the opportunity to see current plans and to raise any concerns they have.

British Energy and EDF are arranging events as part of proposals to involve the local community in discussions about new nuclear power plants.

Events are planned at Nether Stowey, Cannington, Bridgwater, Combwich, Burnham-on-Sea, Williton and Stogursey.

Tags: development edf energy europe nuclear nuke.news nuke.news.int uk

Posted by: theenergynet

French EDF not to sign BE/Centrica deal until after EC OK: report

Fri, 03 Oct 2008 18:05:54 -0000

French energy giant EDF's UK subsidiary EDF Energy would not comment Wednesday on press reports that no deal would be reached with UK's Centrica over ownership of nuclear generator British Energy until after the European Commission ratified the French company's takeover bid. State-controlled EDF's Eur15.6 billion ($22 billion) takeover of British Energy was agreed September 24 by the boards of EDF and British Energy and is subject to UK and EC regulatory approval.

Tags: british-energy economics edf energy eu europe nuclear nuke.news nuke.news.int

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BE investor declines to sell to EdF amid growing concerns - Telegraph

Tue, 30 Sep 2008 09:17:22 -0000

One of British Energy’s biggest investors has so far declined to sell its stake to EdF, believing that the French company’s £12.5bn takeover bid may yet fail regulatory hurdles.

M&G, which owns 5pc of the UK nuclear power generator and helped block EdF’s original offer, argues that the revised bid significantly undervalues British Energy.

Tags: british-energy economics edf energy europe nuclear nuke.news nuke.news.int uk

Posted by: theenergynet

Britain's family uranium is safe in French hands - Business Analysis & Features, Business - The Independent

Tue, 30 Sep 2008 09:06:36 -0000

EDF Energy's chief assures Margareta Pagano that consumers can put their trust in a new generation of nuclear reactors

Vincent de Rivaz, the chief executive of France's EDF Energy, which is now in control of the UK's nuclear energy programme, doesn't laugh when I ask if he has succeeded where Napoleon failed.

Tags: british-energy economics edf energy nuclear nuke.news nuke.news.int

Posted by: theenergynet

Fresh blow to 'Scotland plc' after French buy nuclear energy giant - Scotsman.com Business

Sat, 27 Sep 2008 07:31:20 -0000

FEARS have been raised that Scotland is losing its key decision makers in the international business world after a £12.5 billion buyout of British Energy was announced yesterday.

Tags: edf energy europe nuclear nuke.news nuke.news.int scotland uk

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EDF: state control and free enterprise battle to succeed Pierre Gadonneix - Times Online

Sat, 27 Sep 2008 06:41:01 -0000

t might look like any other power struggle, but the battle to succeed Pierre Gadonneix at EDF is about much more than merely becoming chairman and chief executive of one of Europe’s biggest energy groups.

It has become a philosophical struggle, between free enterprise on the one hand and state control on the other, at the company that yesterday offered to pay £12.5 billion for British Energy.

Tags: economics edf energy europe nuclear nuke.news nuke.news.int uk

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Electricity Price Fears As Nuclear Firm Sold To French (from The Herald )

Sat, 27 Sep 2008 06:39:54 -0000

Plans for Britain's future nuclear supply emerged in sharp focus yesterday after the French power giant EDF unveiled a £12.5bn deal to buy British Energy and build four new reactors in the UK.

The state-owned company, already one of the UK's top six energy suppliers, plans to take over British Energy's eight nuclear generators, including Hunterston B and Torness in Scotland, and has identified six potential sites for its new model of water-pressurised reactor south of the border.

Tags: british-energy economics edf energy nuclear nuke.news nuke.news.int uk

Posted by: theenergynet

Officials say evacuations near Tricastin not needed

Sat, 27 Sep 2008 05:42:55 -0000

French authorities are not considering evacuation around Tricastin, according to the deputy prefect of the Vaucluse departement (county), Jean-Charles Geray. He was responding September 22 to media queries after the antinuclear organization Sortir du Nucleaire, or SdN, issued a press release saying there was the possibility of imminent danger connected with a fuel handling mishap at Electricite de France's Tricastin-2 on September 8.

Tags: accident edf energy france nuclear nuke.news nuke.news.int

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BBC NEWS | EDF set to buy British Energy

Sat, 27 Sep 2008 05:41:56 -0000

French energy firm EDF is expected to announce a £12.4bn deal to buy British Energy, the firm which operates the UK's eight nuclear power plants.

In addition, Centrica, which owns British Gas, will take 25% of all power generated by British Energy once it is in French hands, the BBC has learnt.

Tags: british-energy edf energy nuclear nuke.news nuke.news.int uk

Posted by: theenergynet

French Power Company Makes Higher Bid for Constellation - washingtonpost.com

Sat, 27 Sep 2008 00:53:14 -0000

A French nuclear power company is upping the ante for Constellation Energy Group, offering to pay $35 per share for the Baltimore wholesale power supplier, which last week agreed to be sold to a subsidiary of Warren E. Buffett's Berkshire Hathaway.

Tags: constellation corporate edf energy nuclear nuke.news

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Bloomberg: EDF, KKR Bid for Constellation, Compete With Buffett

Wed, 24 Sep 2008 08:20:11 -0000

Electricite de France SA, Europe's biggest power producer, said it offered to acquire Constellation Energy Group Inc. with KKR & Co. and TPG Capital LP for $6.2 billion, 32 percent more than Warren Buffett agreed to pay.

The agreement announced Sept. 18 for Buffett's MidAmerican Energy Holdings Co. to buy Baltimore-based Constellation for $4.7 billion, or $26.50 a share, isn't adequate, Paris-based EDF said today in a public filing. Constellation Chief Executive Officer Mayo Shattuck said the Buffett deal was ``superior'' to any alternative available after the largest U.S. power marketer plunged 58 percent in the preceding three days.

Tags: constellation corporate edf energy europe france nuclear nuke.news us

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EDF expected to make sweetened bid for British Energy | Reuters

Tue, 16 Sep 2008 06:51:36 -0000

French power giant EDF is preparing to make a sweetened offer for nuclear power firm British Energy (BGY.L: Quote, Profile, Research) as early as this week, the Sunday Express newspaper reported, without citing sources.

The paper said the offer of about 770 pence a share was set to be signed off by EDF's board of Wednesday and could be announced the next day, although the timetable could also slip.

Highlights and Sticky Notes:

Tags: british-energy economics edf energy france nuclear nuke.news nuke.news.int uk

Posted by: theenergynet

Labour 'blocks' Centrica nuclear bid for British Energy | Business | The Observer

Mon, 01 Sep 2008 06:49:56 -0000

Centrica is being barred by the government from making a solo bid for British Energy, according to one of the nuclear generator's largest institutional shareholders.

The shareholder, who spoke on condition of anonymity, also questioned why preferred bidder EDF retains the 'irrational total support' of the government.

Tags: british-energy economics edf energy nuclear nuke.news nuke.news.int

Posted by: theenergynet

FT.com / Home UK / UK - Saving Britain's nuclear future

Sat, 30 Aug 2008 03:53:16 -0000

Anyone who went off to the beach a month ago in the expectation that the future of Britain's nuclear industry had been settled will be returning to a serious disappointment. The structure of the industry is still undecided, while the government maintains the fiction that it is a question that can be resolved by the private sector alone. With the security of Britain's energy supplies at stake, this muddle and confusion is dismaying.

Tags: british-energy development edf energy europe france nuclear nuke.news nuke.news.int uk

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FT.com / Comment & analysis / Editorial comment - A nuclear impasse

Sat, 30 Aug 2008 03:25:10 -0000

Anyone who went off to the beach a month ago in the expectation that the future of Britain’s nuclear industry had been settled will be returning to a serious disappointment. The structure of the industry is still undecided, while the government maintains the fiction that it is a question that can be resolved by the private sector alone. With the security of Britain’s energy supplies at stake, this muddle and confusion is dismaying.

Tags: british-energy edf europe nuke.comments nuke.news uk

Posted by: theenergynet

AFP: Britain still backs British Energy-EDF tie-up: minister

Wed, 27 Aug 2008 01:15:38 -0000

Britain continues to favour a tie-up between British Energy and French energy group EDF, Energy Minister Malcolm Wicks said in an interview published Monday.

Speaking to the Financial Times last week while on a visit to Lagos, Wicks said a deal with EDF was "the most sensible option" and added that the government thought "that's the natural link".

Highlights and Sticky Notes:

Tags: british-energy economics edf energy nuclear nuke.news nuke.news.int uk

Posted by: theenergynet

EDF finalises deal to run two China nuclear plants | Industries | Industrials, Materials & Utilities | Reuters

Tue, 12 Aug 2008 06:23:44 -0000

EDF the world's biggest single producer of nuclear energy, signed a formal agreement on Sunday to invest in and operate two new-generation reactors in the southern province of Guangdong.

Tags: asia china contract edf energy europe france nuclear nuke.news nuke.news.int reactor

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Investors who triggered a nuclear meltdown - Times Online

Tue, 05 Aug 2008 07:00:52 -0000

The grand plan for nuclear power in the UK has come to a grinding halt with EDF's decision to abandon buying British Energy

It’s not often that the blocking of a single deal brings a whole area of national policy to a grinding halt.

Yet that is what has happened with the failed (for the moment) auction of British Energy (BE), our sole nuclear-power provider. When its sale to EDF, the French utility group, was halted on Thursday, government energy policy was derailed at the same moment.

Tags: british-energy development edf energy europe france nuclear nuke.news nuke.news.int uk

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British Energy blame game begins as EDF deal collapses - Telegraph

Tue, 05 Aug 2008 06:12:29 -0000

Recriminations over who was to blame for the collapse of the £12bn British Energy takeover deal have begun in earnest with questions raised over the credibility of the nuclear generator's board and the Government's entire energy policy.

The deal fell apart late on Thursday evening when Sir Adrian Montague, chairman of BE, informed EDF shortly after 10pm that his board would be unable to recommend the French utility's offer as a number of shareholders, including Invesco and M&G, felt it was too low.

Tags: economics edf energy europe france nuclear nuke.news nuke.news.int uk

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Bloomberg: EDF May Sell U.K. Nuclear Sites to Win British Energy

Fri, 01 Aug 2008 07:21:41 -0000

Electricite de France SA, the world's largest owner of nuclear power stations, may sell U.K. atomic sites to gain approval for the purchase of British Energy Group Plc, two people with knowledge of the talks said.

Highlights and Sticky Notes:

Tags: british-energy economics edf europe france nuke.news nuke.news.int policy uk

Posted by: theenergynet