About UPI  |  UPI en Español   |   My Account
Free News Update:
United Press International - News. Analysis. Insight.™ - 100 Years of Journalistic Excellence
  • Home
  • Top News
  • Entertainment
  • Odd News
  • Sports
    • Baseball
    • Football
    • Golf
    • Olympics 2008
    • Tennis
  • Business
  • Science
  • Health
  • Analysis
    • Energy Resources
    • Security Industry
    • Emerging Threats
  • Media
    • Video
    • News Photos
  • Features
    • The Voice of Young Voters
    • Path to the Presidency
    • Energy
    • Beijing Olympics 2008
Search:
Go
You are here:  Home / Energy Resources / British Energy will not go to EDF

Energy Resources

View archive | RSS Feed

British Energy will not go to EDF

Published: May 12, 2008 at 6:04 PM
Order reprints  |  Print Story  |  Email to a Friend  |  Post a Comment

LONDON, May 12 (UPI) -- The British government has ruled out selling British Energy to just one bidder.

Even though France's EDF was the sole bidder still interested as of Friday's deadline for bids, the government has decided that the owner of Britain's nuclear reactors will not be a single company. British Energy's existing nuclear sites will likely be split between buyers, the Daily Telegraph reported.

The British government has a 35.2 percent share in British Energy and is maintaining its position that no one entity should have full ownership.

Sources have said the government would prefer to grant the winning company the sale of just six sites, thereby leaving the door open for another firm, such as Centrica, the only realistic British bidder, to acquire the remaining two.

Centrica has said it is still interested in acquiring part of British Energy and is banking on being able to jump on board with the winner to acquire assets post-sale.

RATE THIS ARTICLE
    Poor    1    2    3    4    5  Excellent    
Feedback


© 2008 United Press International, Inc. All Rights Reserved.
Have an opinion? Leave a comment. No Registration Required.
News Photos Slideshows
Photos of the Day
Week in Photos
News
Entertainment
Sports
Features
Archives
Olympics 2008
Path to the Presidency
UPI Features - The Voice of Young Voters
Most Popular
Stories
Photos
Videos
People
1.
Iran gas summit raises questions
2.
Iran funneling investments to oil fields
3.
Iran asks for $7B for fuel imports
4.
Ecuador rethinks oil strategy
5.
Analysis: Azerbaijan diversifies oil export routes
Related Energy Resources
Related Energy Resources
  • French Power Provider to Buy British Energy for $23B




Videos
Enlarge Video
Global impact of the American financial crisis
Global impact of the American financial crisis
Tuesday, October 7
Campaigns go personal
Campaigns go personal
Monday, October 6
Reaction: Obama leads Virginia
Reaction: Obama leads Virginia
Friday, October 3
Poll: Palin beat expectations, but Biden won
Poll: Palin beat expectations, but Biden won
Friday, October 3
© 2008 United Press International, Inc. All Rights Reserved. Official Government Wires  |   About UPI  |   Site Map  |   Terms of Use  |   Privacy Policy  |   Advertise Online  |   Contact Us

Sponsored Links: Fundraisers - prom dresses - Prom dresses and gowns - Public Records - Wedding and Honeymoon Experts - Auto Dealers - Motivational Sports Speakers Bureau