Power Group Online Article |  | |
13 December 2005 - British Energy, the UK nuclear power generator, has returned a pre-tax profit of £ 113m ($198m) for the 6 months ended October 2 on revenues of £ 1.01bn, having benefited from higher electricity prices.
The UK's largest power producer is recovering from near-collapse three years ago which required a £5bn government rescue deal.
In a statement British Energy said, "The first half has demonstrated improvement in financial performance largely due to rising electricity prices and to an improvement in output compared to last year."
The company said that underinvestment in prior years would mean higher costs and longer statutory outages over the next two financial years. In November, British Energy said nuclear output for the year was unlikely to exceed 61 TWh, as a result of inspections at its Hartlepool and Heysham 1 plants and the need for additional maintenance work at Hartlepool.
|
Return to Previous Page
Power Engineering Webcasts | |
|
Sponsored White Papers Library | | |
|
|
|
|
Articles 
| View all PennWell sites | View all PennWell events
Add RSS Feed
