British Energy PLC - Re Joint Venture

RNS No 7308k
BRITISH ENERGY PLC
10th September 1997


BRITISH ENERGY AND PECO ENERGY ANNOUNCE JOINT VENTURE, AMERGEN, TO PURSUE
INVESTMENT IN U.S. NUCLEAR PLANTS

British Energy announces today the establishment of a USA-based joint venture
company called AmerGen Energy Company LLC ("AmerGen") in partnership with PECO
Energy (PECO).  AmerGen will be jointly owned and managed by British Energy
and PECO.  British Energy's interest in AmerGen will be held by its
wholly-owned USA-based subsidiary, British Energy Inc.

AmerGen will seek opportunities to invest principally in existing nuclear
generating assets in North America.

AmerGen's Management Committee will include 4 representatives each from PECO
and British Energy, including its Deputy Chairman, Dr Robin Jeffrey.  It will
be chaired by Mr Dick Smith, the President of PECO's Nuclear Division.

The establishment of AmerGen demonstrates the progress which the management of
British Energy and PECO have made in the last six months in developing a
strategy for making investments in the generation market.

Contacts:  Doug McRoberts      0131 527 2020      (Media Enquiries)
           Anne Campbell       0171 389 3406      (Media Enquiries)
           Paul Heward         0131 527 2250      (Investor Relations)


END