Centrica CEO Iain Conn was in Brussels yesterday to talk policy and field questions. I asked him if he was interested to increase his company’s 20% stake in the UK’s eight remaining nuclear power plants, co-owned with EDF since 2009. Since last year, the EDF Group has sought to raise cash from asset disposals in several locations including e.g. the UK by selling a further share of its main generation unit. Essentially, Conn rejected the idea. He said he sees his company’s present 20% holding as being like an “annuity” in assets that were coming to their “end of life, closing in the next 10 to 20 years or so” adding “if anything we’re probably a seller … if the price is right.”
Mark Johnstone 26th May 2016 read more »