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Topic: British Energy


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In the News (Mon 21 Dec 09)

  
  High prices lift British Energy earnings 145% | Special reports | Guardian Unlimited
British Energy's shares fell 6% by lunchtime trading despite the 145% rise in earnings before tax, interest, depreciation and amortisation to £289m in the three months to June 2.
British Energy increased its spending on plants, projects and strategic spares by £13m to £54m in the quarter and expects full-year spending to be between £250m and £300m.
In 2002 British Energy faced collapse because of a slump in electricity prices and had to be rescued by the government, which took over responsibility for its estimated £5bn decommissioning bill under a complex scheme that in effect left the government with a stake of about 65%.
www.guardian.co.uk /nuclear/article/0,,1851473,00.html   (523 words)

  
 British Energy profits surge on power price rise | Special reports | Guardian Unlimited
Photograph: PA The nuclear generator British Energy reported soaring profits yesterday due to higher electricity prices but unsettled investors with a warning that it is likely to miss its power output target for the third year in a row.
British Energy shares fell almost 5% despite the 145% rise in earnings before tax, interest, depreciation and amortisation to £289m in the three months to June 2.
In 2002 British Energy faced collapse because of a slump in electricity prices and had to be rescued by the government, which took over responsibility for its estimated £5bn decommissioning bill under a complex scheme that in effect left the state with a stake of about 65%.
www.guardian.co.uk /nuclear/article/0,,1851911,00.html   (771 words)

  
 Nuclear Energy in a Competitive Market
British Energy was floated in 1996 and took into the private sector the eight most modern UK nuclear plants, ie.
British Energy's strategy is to achieve long term earnings growth by expanding its operations in the UK and internationally, in both nuclear and conventional energy sectors.
British Energy's record of improving the performance of power stations, both financially and with respect to safety, is outstanding.
www.world-nuclear.org /sym/1997/jeffrey.htm   (1971 words)

  
 Scotsman.com Business - British Energy
BRITISH Energy, which owns East Lothian's Torness nuclear power station, said it had largely completed inspections and repair work on boiler tubes at its Hunterston and Hinkley plants.
BRITISH Energy said it was "looking forward to playing a leading role" in the development of the...
BRITISH Energy boss Bill Coley is expected to give further impetus to the nuclear lobby this week...
business.scotsman.com /topics.cfm?tid=546   (442 words)

  
 The questions hanging over British Energy's nuclear fleet - Telegraph
The biggest problem for British Energy's AGR reactors comes from cracking graphite bricks, which are a critical component of the nuclear core.
British Energy warned in 2004 that four plants - Hinkley Point B, Hunterston B, Heysham 2 and Torness in Scotland - may not be able to be extend their lifetimes because of cracked graphite bricks.
British Energy has yet to decide which or how many nuclear plants may have their lives extended.
www.telegraph.co.uk /money/main.jhtml?xml=/money/2006/10/16/cnenera.xml   (843 words)

  
 [No title]
THE decision by British Energy to de-list from the stock exchange is a smack in the face for those who own the company - the shareholders - who have not been asked whether they approve of such a measure.
The energy group, which provides a fifth of the UK's electricity, is proposing a debt-for-equity swap that will remove about £1 billion of debt and £3 billion of other liabilities from the company's balance sheet.
British Energy plans to present its restructuring plan to the Scottish High Court on January 14.
www.lycos.com /info/british-energy.html   (361 words)

  
 RedOrbit - Science - British Energy Promises GBP250m to Overcome Operating Problems
BRITISH Energy yesterday promised investment of more than GBP250m to help overcome the operating problems that have curbed levels of output.
British Energy, whose chairman is Adrian Montague, said total output for the financial year to February 17 stood at 59.4 terrawatt hours, but that 11.5 TWh had been lost because of unplanned outages including boiler closure units at one of its plants at Heysham, Lancashire and at Hartlepool.
With the energy markets remaining "highly volatile", British Energy said it had fixed contracts in place for all of this financial year at GBP33.3 per megawatt hour, rising to GBP37.8 MWh for 60per cent of output next year.
www.redorbit.com /news/science/406188/british_energy_promises_gbp250m_to_overcome_operating_problems/index.html?source=r_science'   (369 words)

  
 British Energy: 4 reactors won't restart - Boston.com
British Energy PLC, which last month announced that the head of its nuclear business was stepping down, said Wednesday that four of its reactors will not restart operations until March.
British Energy said last month that Roy Anderson stepped down as chief nuclear power officer, effective immediately.
British Energy said previously it expects annual production to fall by 5 terawatt hours or more until at least March 2008 because of the faulty reactors.
www.boston.com /news/world/europe/articles/2006/12/20/british_energy_4_reactors_wont_restart   (212 words)

  
 BBC NEWS | Business | Leaks knock British Energy shares
British Energy shares have lost 24% in value after the firm found cracks in pipes at one of its nuclear reactors.
While investors feared the news could spark safety concerns, British Energy said the cracks were not leaking, adding that the problems at the North Eastern power plant were non-nuclear.
Instead, British Energy said that it would now be forced to buy electricity on wholesale markets in order to meet its supply contracts, adding it was "unsure" how much it would have to purchase.
news.bbc.co.uk /1/hi/business/6056086.stm   (343 words)

  
 British Energy News
British Energy said on Wednesday repair work on two of its nuclear power stations would take until the end of March, the worst of a range of scenarios it presented only last month, hitting its shares.
British Energy, the nuclear power generator, has parted company with its chief nuclear officer, Roy Anderson, as lower output and boiler problems at two of its power stations took the shine off adjusted interim...
British Energy, the operator of nuclear power plants that's mostly owned by the U.K. government, said Friday half-year profit more than quadrupled, but also forecast declining output due to difficulties at four...
www.topix.net /com/bgy   (694 words)

  
 British Energy says first-half profit surged, but will miss power forecasts - iht,business,corporate earnings,Britain ...
British Energy said Friday that Roy Anderson stepped down as chief nuclear officer, effective immediately, and said three new chief nuclear officers will be appointed in due course.
British Energy said in a statement that it now expects annual production to fall by 5 terawatt hours or more until at least March 2008 because of faulty reactors.
British Energy raised its operating margin during the period to 11.7 pounds per megawatt hour from 3.4 pounds per megawatt hour in the same period a year earlier.
www.iht.com /articles/ap/2006/11/17/business/EU_FIN_EARNS_Britain_British_Energy.php   (540 words)

  
 CNN.com - British Energy gets $639m bailout - September 9, 2002
The group, which has been struggling after the energy sector was opened up to competition, said it could file for bankruptcy if new funding is not found by September 27.
British Energy (BGY) shares plunged 78 percent to 17.66 pence in midday London trading on Monday.
It also has a joint venture with energy group Exelon, which operates nuclear plants in the U.S. The UK government's decision to provide emergency funding for British Energy is sure to raise questions about whether privatisation is a suitable vehicle for major infrastructure companies.
archives.cnn.com /2002/BUSINESS/09/09/british.energy.funding/index.html   (393 words)

  
 The Scotsman - Business - British Energy hit as output levels are cut
BRITISH Energy's shares fell more than 8 per cent yesterday, as the City digested news that damaged nuclear reactors will take longer than expected to repair and that its output levels are to be cut as a result.
Yesterday British Energy was keeping to the target despite the repairs announcement estimated to add a further 2TWh in unplanned losses, on top of unspecified losses originally anticipated from the closure.
British Energy would not say exactly how much impact the latest problems were expected to have or when production would be restored.
thescotsman.scotsman.com /business.cfm?id=1387092006   (889 words)

  
 British Energy has come back from the brink, but how long will the nuclear frisson last? | EnergyBulletin.net | Peak ...
In a City office overlooking the Thames last week, one of British Energy's advisers turned to a colleague and asked with a smile on his face: "Would you ever lend British Energy money?" The answer was a firm "no".
British Energy's fate, therefore, is tied to the wider debate about nuclear power.
It is unlikely that British Energy will ever be in a position to build new nuclear reactors.
www.energybulletin.net /711.html   (1593 words)

  
 [No title]
British Energy (UK:BGY: news, chart, profile) said profit for the first half ending Oct. 1 rose to 189 million pounds ($356 million) from 45 million pounds, with revenue up 35% to 1.36 billion pounds.
British Energy has been dogged by troubles at the Hunterston B and Hinkley Point B plants due to cracks in boiler tubes.
British Energy, based in Livingston, Scotland, also said the U.K. government may be loath to sell all or part of its 65% stake due to the difficulties it's having.
www.newsalert.com /News/Story/british-energys-profit-more-quadruples/story.aspx?guid={E5E2B64C-1BE3-45C4-A862-BB7B732178AE}&siteId=mktw   (835 words)

  
 BRITISH ENERGY, AMERGEN, AND US NUCLEAR SAFETY--fact sheet 9251999 - NIRS
The NII report is replete with references that indicate much of the reason British Energy operates the way it does is because of competitive pressures with other energy sources and utilities.
For example, the report states that British Energy sees poor performance by its contractors not as nuclear safety issues, but "in commercial terms." Worker lay-offs are seen by British Energy as necessary for "competitive" reasons.
British Energy is one-half of Amergen, which is seeking to buy up America’s unwanted nuclear reactors.
www.nirs.org /factsheets/britishenergyfactsheet.htm   (1043 words)

  
 British Energy Bargain - Forbes.com   (Site not responding. Last check: 2007-10-27)
In mid-May, British Energy (other-otc: BEYGF - news - people), which generates approximately a fifth of Britain’s energy, got permission to restart four nuclear reactors that had been temporarily shut down for inspection.
British Energy has eight nuclear power stations across England and Scotland, with a generating capacity of 9,600 megawatts, and only one coal-fired station.
British Energy was privatized by the government in 1996.
www.forbes.com /markets/2007/06/01/british-energy-upgrade-markets-equity-cx_vr_0601markets05.html?partner=rss   (463 words)

  
 Infosys - Media - British Energy’s business-IT alignment initiatives powered by SOA expertise from Infosys
British Energy Group is a FSTE 250 company, responsible for generating more than 20% of the nation’s electricity.
British Energy Power and Energy Trading is responsible for ensuring the British Energy portfolio is both balanced and profitable using the three routes to market at its disposal, Wholesale Trading, Structured Trading and Retail.
British Energy Direct Ltd is the Retail arm of British Energy Power and Energy Trading Ltd and offers a market leading service designed exclusively for the UK’s Industrial and Commercial community.
www.infosys.com /media/press_releases/british-energy-infosys.asp   (828 words)

  
 Essential UK - Green Energy - British Council - Language Assistant
Task 3 is a matching activity to introduce the different energy forms and Task 4 is a Trend UK reading text about designers in the UK who have invented products using renewable energy.
Task 5 follows on from task four and asks students to think of another invention that could be powered with renewable energy and Task 6 is a role play based on the theme.
The cell stores solar energy to a battery which lights up the inside of the bag whenever the zip, acting as a switch, is used.
www.britishcouncil.org /languageassistant-green-energy.htm   (1566 words)

  
 British Energy | Greenpeace UK
Green energy company Ecotricity and Greenpeace have asked the High Court for a judicial review of the decision by Patricia Hewitt, Secretary of State for Trade and Industry to provide state aid to the cash strapped nuclear company without EC approval.
On the 26th September, the DTI announced it had extended British Energy's loan term and increased the aid package from £10 to £50 million.
Energy consultants AEA Technology, whose clients include British Energy, demonstrated that offshore wind farms off the coast of East Anglia would generate the same amount of power as the entire UK's nuclear sector [2].
www.greenpeace.org.uk /node/1743   (1016 words)

  
 Euro2day :: London shares open higher on Corus M&A hopes and British Energy rebound
British Energy was also courted, 6 higher at 433, as UBS argued the energy provider''s share price slump yesterday was an overreaction and now presented a buying opportunity.
Yesterday, British Energy shares fell 24 pct after closing two further reactors due to cracks found in boiler tubes at its Hunterston and Hinkley Point B nuclear power stations.
The broker upgraded the stock to ''buy'' from ''neutral'', saying British Energy''s performance was well flagged at the company''s listing last year and was already embedded in its cautious output assumptions.
www.euro2day.gr /articlesfna/22475978   (1252 words)

  
 Energy Review (UK 2006) - SourceWatch
It was led by Energy Minister Malcolm Wicks [3].
In October 2004, British Energy appointed Craig Stevenson, formerly Monsanto's top UK lobbyist, as head of government affairs [5].
Some energy experts who made submissions "said they felt their evidence was underplayed and misrepresented." AEA did publish a summary table, "which showed that nuclear power was the only one [of 15 low-carbon technologies] to get more opposition than support." British energy consultants expressed concern at AEA's role: [18]
www.sourcewatch.org /index.php?title=Energy_Review_(UK_2006)   (1053 words)

  
 British Energy fights for its life - Telegraph
British Energy, the ailing UK nuclear generator, is fighting desperately to ward off being placed into administration, under insolvency legislation, by warning that such a move would immediately wipe £650m from the value of its assets and increase its trading losses by £100m a year.
British Energy's number one priority is to alert ministers to the risks of being formally placed in administration.
It is understood that its energy trading contracts would be nullified by such a move, meaning that all its power would be traded at the low spot market price.
www.telegraph.co.uk /money/main.jhtml?xml=/money/2002/09/15/cnbrit15.xml   (601 words)

  
 British Energy Direct - Disclaimer
British Energy may at any time alter the contents of the pages on the web site; and / or refer the reader to other sites on the World Wide Web; and / or remove pages from, or add pages to its web site.
British Energy has not reviewed these third party web sites and does not control and is not responsible for such web sites or their content or availability.
British Energy accepts no responsibility for unauthorised access or actions of the reader in respect of these or other matters.
www.britishenergydirect.com /pagetemplate.php?pid=71   (478 words)

  
 Bloomberg.com: U.K.
British Energy shares rose 8.5 pence, or 1.8 percent, to close at 477 pence a share in London.
British Energy's faulty reactors may set back government efforts to commission new nuclear power stations, replacing ones that will end their useful life in the next two decades.
British Energy is about two-thirds controlled by the government and owns all but four of the U.K.'s 12 operating nuclear power plants.
www.bloomberg.com /apps/news?pid=10000102&refer=uk&sid=aOxJiPeJjYBI   (987 words)

  
 The Herald
The chairman of British Energy said the company had much to do regarding the reliability of its nuclear capacity, but insisted it had made good progress in the two years since it was rescued from near-collapse.
Montague said British Energy continued to monitor the implications of problems at the R3 reactor at Hunterston, which may require modifications to be completed, and would update investors when the picture was clear.
However, British Energy came under fire from Lang Banks, a representative of anti-nuclear group Friends of the Earth, who said the company seemed to be assuming that rising electricity prices would guarantee it a successful future.
www.theherald.co.uk /70477.shtml   (696 words)

  
 British Energy - BERR
British Energy plc (BE) is the only privately owned nuclear generator in the UK.  It owns and operates 8 nuclear power stations, with a combined capacity of 9,600 megawatts, and 1 coal fired power station generating almost 2,000 megawatts.
Underwriting the Nuclear Liabilities Fund Limited (NLF), a subsidiary of the DTI which will meet British Energy's costs of decommissioning and other uncontracted nuclear liabilities, in the event that its assets fall short of those liabilities.
I confirm that the Government will actively consider a sale of part of their stake in British Energy via a capital markets transaction."  Consideration will need to be given to the interests of the taxpayer, the company and other stakeholders before any transaction is progressed.
www.dti.gov.uk /energy/sources/nuclear/technology/generation/british-energy/page35040.html   (258 words)

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