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Tag: centrica
Centrica Buys U.S. Gas in 20-Year Deal as British Output Wanes
2013-03-25 02:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Centrica Plc (CNA), the U.K.s largest household energy supplier, signed a 20-year deal to import natural gas from the U.S., securing supplies as production from British North Sea fields decline. Centrica will buy 1.75 million metric tons a year of liquefied natural gas from Cheniere Energy Inc. (LNG)s Sabine Pass plant in Louisiana, the Windsor, England-based company said today. Thats equivalent to the demand of 1.8 million U.K. homes. The deal can be extended for another 10 years, it said....
AUDIO: Centrica boss defends profits rise
2013-02-27 08:50:46| BBC News | Business | UK Edition
The energy group, Centrica, has announced an increase in profits in the residential arm of British Gas. They rose 11% last year to 606m. In November British Gas increased customer bills by 6%. The chief executive of Centrica, Sam Laidlaw, said it was important the company remained profitable.
United Kingdom: UK nuclear power: EdF have more reasons to stay than Centrica
2013-02-04 19:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Logically, it ought to have been impossible for Centrica to give a definitive view at this stage on whether it made financial sense to invest in nuclear power plants. That's because one crucial piece of the jigsaw the price at which government will guarantee to buy electricity from new nuclear plants is still to appear. In practice, one can't blame Sam Laidlaw, chief executive of Centrica, for deciding he's seen enough to conclude he doesn't want to take part. After the Fukushima disaster...
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Centrica withdraws nuclear plans
2013-02-04 11:56:02| BBC News | Business | UK Edition
Energy company Centrica pulls out of plans to invest in the UK's nuclear re-building programme because of increasing costs and delays.
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United Kingdom: Nuclear renaissance under fire as Centrica mulls project exit
2013-02-04 10:52:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The UK's plans for a new fleet of nuclear reactors have received a triple blow over the past few days, after Centrica confirmed it is to shelve its nuclear investment plans, MPs published a report slamming Sellafield's waste management efforts, and Cumbria County Council last week blocked plans for a new radioactive waste storage facility. The Financial Times reported today that Centrica would not exercise its option to take a 20 per cent stake in EDF's plans for two new reactors at Hinkley Point...
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