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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

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

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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

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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

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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

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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

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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

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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

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Deal puts Wylfa power station hopes in doubt - Daily Post North Wales

Tue, 29 Jul 2008 05:10:41 -0000

ONE of the front runners in the race to build a new nuclear power station at Wylfa looks poised to complete an £12bn deal for British Energy which could cool its interest on Anglesey.

UK nuclear firm British Energy is expected to be snapped up by French power giants EDF (Electricité de France), which recently revealed it was buying up farmland around Wylfa, owned by the National Decommissioning Authority.

Highlights and Sticky Notes:

Tags: development edf europe france nuke.news nuke.news.int reactors uk wylfa

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EDF nuclear deal could value British Energy at £12.4bn | The Guardian

Mon, 28 Jul 2008 23:40:54 -0000

France's EDF and Britain's nuclear generator, British Energy, are understood to have reached agreement in principle on the terms of an agreed bid.

Although work on an offer is continuing, the French company is understood to be keen to finalise a deal next week, ahead of publication of its latest figures on Friday.

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

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BBC NEW: EDF to buy British Energy

Fri, 25 Jul 2008 04:47:59 -0000

It's been one of the longest negotiations in corporate history, but I have learned that EDF of France - in partnership with Centrica - is likely to announce early next week that it is buying British Energy, the UK's nuclear power generator, for more than £12bn.

Highlights and Sticky Notes:

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

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EDF faces challenge over nuclear technology - Times Online

Fri, 09 May 2008 09:07:21 -0000

EDF, the French utility, could face a legal challenge over the technology it has decided to use in building Britain’s latest generation of power stations.

EDF announced last May that it planned to employ Areva, the French nuclear energy group, but its decision, which was made without giving rival reactor manufacturers an opportunity to bid for the contract, could be illegal under European law, according to Ros Kellaway, partner and head of EU competition law in Eversheds

Tags: development edf energy france legal nuclear nuke.news nuke.news.int reactor uk

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Foreign giants in nuclear site talks | This is Money

Tue, 15 Apr 2008 06:37:46 -0000

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

Posted by: theenergynet