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2010-11-04 10:00:00

EDF and Areva Urged to Cut Losses, Avoid More Financial Damage From 'Doomed Technology'; Major Implications for U.S. Nuclear Loan Guarantee Program, Which EDF Seeks to Tap for EPR. WASHINGTON and LONDON, Nov. 4, 2010 /PRNewswire-USNewswire/ -- Even if it is propped up with extensive government subsidies or full cost-recovery from ratepayers, the "Evolutionary Power Reactor" (EPR) - which the French government-controlled utility, Electricite de France (EDF) plans to deliver for the...

2010-08-05 10:48:00

Case for Proposed EPR Reactor Grows Worse by the Week With Unresolved Safety Issues, Rising Costs and Doubts Raised by Former EdF CEO; Are U.S. Taxpayers About to be Stuck With "the Last Tickets for the Titanic"? WASHINGTON, Aug. 5 /PRNewswire-USNewswire/ -- A big red warning light started flashing for U.S. taxpayers in recent days amidst growing indications that the proposed Calvert Cliffs-3 reactor project -- the reported next-in-line recipient of a taxpayer-backed federal loan...

2008-10-30 09:00:34

French electricity utility EDF has signed an agreement with ATP Oil & Gas UK, a subsidiary of the US-based ATP Oil & Gas, on the acquisition of 80% of its shares in gas assets in the UK North Sea. EDF also has the option to acquire the remaining 20% of ATP Oil & Gas's shares in the same conditions. This option can be exercised in 2009 and can be transferred to EDF's Italian subsidiary Edison. The GBP265 million transaction concerns 68% of the Tors zone, which includes two...

2008-10-21 09:00:46

French power engineering company Alstom has signed a framework agreement with French utility EDF for the renovation of 900MW and 1,300MW generators in its nuclear power plants. The orders native to this contract will run for a duration of 10 years and will reach a total amount of more than E140 million. Alstom Power Service units in La Courneuve and Belfort in France will provide comprehensive project management, including conceptual design, parts supply and site work. The first generator...

2008-09-29 09:00:41

ONE of the biggest investors in British Energy has warned that the GBP 12.5 billion takeover by French firm EDF may yet fail regulatory hurdles. M&G, which owns five per cent of the Scottish-headquartered firm, said it has not yet sold its stake and argued that the bid significantly undervalued the company, which owns Torness Power Station in East Lothian. The comments come after the UK Government, which owns 35 per cent of BE, last week pledged its stake to EDF, which is owned by...

2008-09-27 00:00:33

I t would be easy to dismiss the current debate about Britain's nuclear energy as irrelevant to families across our region. No-one is planning to build a power station on the edge of Hanley so why should we be bothered, you might say. What's more it's the wind turbines currently planned for Maer Hills which have really stirred locals, you could argue. And if, in the future, we choose to generate more nuclear power then surely we'll have fewer wind farms creating a blot on the horizon....

2008-09-26 12:00:31

By DOUGLAS HAMILTON EDF has bought 26.5per cent of British Energy Group as part of a takeover offer for the Scottish-based nuclear power generator. The French utility said yesterday that it purchased 274.3 million shares at 774p each. On Wednesday, Electricite de France offered GBP12.5bn for East Kilbride-based British Energy through a cash offer of 774p a share, or an alternative 700p plus Contingent Value Rights, which give shareholders a slice of profits from the existing UK nuclear...

2008-09-25 09:00:47

French EDF to buy UK's biggest power producer British Energy LONDON, Sept. 24 (Xinhua) -- The French energy giant EDF announced Wednesday that it has agreed to pay 12.5 billion pounds (23.18 billion U.S. dollars) to take over British Energy (BE), the UK's biggest power producer. Its offer values BE at 774 pence a share, 9 pence more than a cash bid from EDF in July which was rejected by the BE's major shareholders. EDF, which is providing power to five million UK customers, will also...

2008-09-25 00:00:27

By Nick Clark PLANS by Centrica to buy a quarter of British Energy were welcomed by the market yesterday after the latter's long-awaited 12.5bn takeover by its French rival EDF was agreed. The companies described the deal as a "milestone" for nuclear development in Britain. The sell-off was backed by the Government, which stands to make 4.5bn from its stake in British Energy. The Prime Minister, Gordon Brown, said: "This deal is good value for the taxpayer and a significant step towards...

2008-09-24 18:00:00

NUCLEAR power firm British Energy yesterday looked poised to fall into foreign hands after it was reported French power giant EDF has agreed a pounds 12.4bn takeover. The deal is worth 774p a share, the Wall Street Journal said, 9p higher than a rebuffed offer made in July. EDF has called a press conference in Paris today during which the deal will reportedly be announced. A spokesman for the group declined to say what it was about. No-one from British Energy (BE) was immediately...


Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
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