British Energy Share Discussion Threads

[chrisanderton] 30/5/2007 13:11

you can trust anything government related to shaft you as an individual!

[arja] 30/5/2007 13:06

the 11am announcement really knocked the share price after doing spo well earlier in bad overall market !! maybe over sold now !!

[hightech] 28/5/2007 02:37

..."In electricity markets we will need investment in new generation capacity of around 30-35 GW over the next two decades to replace power station retirements and meet rising electricity demand as the economy grows."...

[ch1ck] 24/5/2007 08:36

Some of the sells showing up now are buys. Look like this one is going to run once the punters cotton to the energy story

[hightech] 24/5/2007 08:31

Alan Greenspan is real earner, $100000 per hour. The loser are those who paid him to talk?

[scania320] 23/5/2007 20:39

FOCUS: UK Cos Kick-Start Nuclear Plans As Govt Eyes Decision


By Alex MacDonald

Of DOW JONES NEWSWIRES


LONDON (Dow Jones)--U.K. energy utilities are taking steps to kick-start investment in a new generation of nuclear power plants by pre-licensing nuclear reactors even though the government has yet to make a formal decision on whether to formally support nuclear power.

The U.K. government Wednesday unveiled a nuclear consultation document alongside its Energy White Paper. The consultation document is expected to determine whether the U.K. needs to build a new generation of nuclear power plants to plug a looming shortfall in power generation capacity as it retires its aging fleet of nuclear and coal-fired power stations.

U.K. energy utilities and nuclear reactor manufacturers are eager to build new nuclear power plants. They're already preparing applications to pre-license nuclear reactor designs and identify suitable locations for nuclear power stations after the U.K. governmentreiterated that nuclear power has a role to play in its energy mix.

"With a third of our current electricity generation capacity due to close in the next 20 years there is...a pressing need for investment in new low-carbon sources" including nuclear power, the U.K. Trade and Industry Secretary Alistair Darling said to the House of Commons as he presented the Energy White Paper.

The U.K. is likely to need around 25 gigawatts of new power generation capacity by 2025, equivalent to more than 30% of today's existing capacity, since it will retire nine of its 10 existing nuclear power stations by then.

The Energy White Paper seeks to set out policy proposals needed to help ensure the U.K.'s security of energy supply and reduce carbon dioxide emissions at the same time. It identified nuclear power as a low-carbon-emissions technology and also said it would play an important role in securing energy supply since its fuel, uranium, is imported from countries such as Canada and Australia. The U.K. aims to reduce its carbon emissions to 60% below 1990 levels by 2050.

"I think there is some sense of urgency (in building new nuclear power plants) if we're going to make the ambitious (CO2) targets set out for us," said Bill Coley, chief executive of the U.K.'s largest nuclear power generator, British Energy Group PLC (BGY.LN).

The U.K. government expects to make a decision on whether to give the private sector a formal go-ahead to build new nuclear power stations after it concludes its nuclear consultation in October.

British Energy has already invited interested parties to enter talks about a potential partnership that could see the company providing access to its existing nuclear sites and experienced nuclear workforce in return for an equity stake in a consortium.

German utilities E.ON AG (EON) and RWE AG (RWE.XE) have already voiced interest in building new nuclear power plants. Electricite de France's (1024251.FR) chairman and CEO, Pierre Gadonneix, said his company plans to build four or five new nuclear plants in the U.K. modeled after the design of its planned 1,600-megawatt European Pressurized Reactor plant in France. That plant is expected to cost about EUR3.3 billion.

Nuclear reactor manufacturers have also sent letters to the U.K.'s Health and Safety Executive before formal applications to pre-license their nuclear reactor designs. One of them, Westinghouse Electric Co., a unit of Japan's Toshiba Corp (6502.TO), became the first company to submit a formal pre-licensing application to the Nuclear Directorate of the Health and Safety Executive Wednesday.

"It's vital that the government ensures a full and genuine airing of views about nuclear (power) in the U.K., but it's also vital that we as a company move the process on," said Paul Golby, head of E.ON U.K., E.ON's U.K. unit.

E.ON U.K. plans to share in the cost burden of pre-licensing nuclear reactors in order to kick-start investment in new nuclear power plants. The company is supporting Westinghouse, Areva and potentially GE Energy, a unit of General Electric Co. (GE), in their pre-licensing applications.

A whole raft of issues need to be clarified before U.K. utilities are willing to invest in new nuclear power plants. The U.K. government said that the private sector will fully fund the construction, operation and decommissioning of nuclear power plants as well as the storage of radioactive waste, but it has yet to provide a clear regulatory framework for investing in these activities.

"The White Paper suggests the government understands what is needed to avoid this energy crunch, and to make the U.K. system more secure and more environmentally sustainable," Richard Lambert, director-general of the U.K.'s Confedration for British Industry, said. "The real test now will be in delivering these proposals."

The CBI represents about 240,000 businesses that employ about a third of the private-sector workforce.

The Energy White Paper also outlined proposals to reform the U.K.'s renewable obligation scheme, phase out inefficient electrical appliances and introduce the world's first carbon-trading scheme for non-energy-intensive users such as banks, supermarkets and retail stores.


Company Web site:


-By Alex MacDonald, Dow Jones Newswires; 44 (0)20 7842-9328; [e-mail]

(Anne-Sylvaine Chassany in Paris contributed to this story.)


(END) Dow Jones Newswires

May 23, 2007 15:28 ET (19:28 GMT

[hightech] 23/5/2007 17:47

There is no other solution apart from nuclear power. Government has to acknowledged that. We are not alone. US has the same problem.

[speedy] 23/5/2007 11:27

The white paper fell at the first fence because it was full of holes. Expect
the Gov't to get it right next time around. However there will remain contentious issues.

Depending on how long BGY's stations hold up, expect a minimum of two x 2500MW
stations and a maximum of eight - guess what the energy industry will lobby for.

The energy industry still does not understand the legal difficulties in
shortening the time needed for planning approval. Flora and Fauna surveys
can take over a year to complete, and as the need for new stations is driven by
environmental and geopolitical issues my view is that the otions for reducing
timescales are quite limited. Hence it is more likely that existing sites will
be expanded.

My view is that BGY are well positioned and all that is needed is for the Gov't
to make up its mind.

[pc4900074200] 23/5/2007 09:50

Energy plan set to back nuclear.



Ministers say it would be a mistake to exclude nuclear power.

Tony Blair has reiterated his backing for nuclear power as the government prepares to unveil its energy strategy.
Plans to build more nuclear power stations are expected to be among the proposals in the Energy White Paper.

An expansion of energy efficiency and renewable sources such as tide and wind power will also be detailed.

The PM says nuclear power can "underpin the security of our energy supply" but opponents say it is dangerous and will reduce investment in renewable sources.

Writing in the Times, Mr Blair said there was a need for more renewable energy, as well as nuclear, in order to reduce harmful greenhouse gas emissions.

Low carbon

"It is right that we consider how nuclear power can help to underpin the security of our energy supply without increasing our reliance on fossil fuels," he said.

"We can meet our carbon dioxide emissions targets, but only if we are willing to think ahead and take tough decisions over new wind farms - and give serious consideration to nuclear power."

His indication is, however, expected to lead to questions about where new power stations should be sited.



A guide to nuclear power

Reports suggest ministers are planning to build eight new nuclear power plants over the next 15 years.

Trade and Industry Secretary Alistair Darling told the BBC's Today programme that he had been sceptical about nuclear power when he first came into his job.

But he had become convinced that it was essential both to reduce carbon emissions and ensure the UK was not dependent on unstable regimes for its energy supplies.

He said: "Whether you like it or not, nuclear power is a low carbon-emitting source.

"To exclude nuclear would be a big mistake."

The White Paper was originally due to be published in March, but the government was told to consult again after a legal challenge by environmental campaign group Greenpeace. That consultation continues.

Mr Blair told MPs in January: "It is extremely important that we as a country make sure our energy supply is secure for the long term - that, in my view, needs a diverse supply of energy".

Chancellor Gordon Brown - who will take over as prime minister in June - is also thought to back building more nuclear power stations.

Planning process

Caroline Lucas, a Green Party Member of the European Parliament, said: "We should concentrate on reducing energy demand through conservation and energy-efficiency measures, and financially supporting the development of alternative renewable energy generation capacity."

Planning for power stations got a boost on Monday when the Planning White Paper proposed establishing a separate - and quicker - planning system for major infrastructure projects.

An independent planning commission will be told by the government what the UK needs in terms of power stations and will then oversee the planning applications for them in specific locations.

The Conservatives say this will "dump developments on local communities".

Susan Kramer, Liberal Democrat trade and industry spokeswoman, said building more nuclear power stations would be an "expensive mistake".

But the government insists the commission will take into account the impact of projects on the surrounding environment.

pc

[scania320] 23/5/2007 09:03

JP Mrogan says sell Drax and buy British Energy. Broker adds: 'Although BGY appears fully valued under our $50/bbl base case forecasts we recommend investors with a more bullish commodity price view play high oil prices by switching out of Drax and into BGY

[hightech] 22/5/2007 02:07

British Energy gets regulatory approval to restart two more reactors

[scania320] 20/5/2007 16:32

bring out the results and that special divi. yummy yummy

[pc4900074200] 18/5/2007 11:38

Not now, but another day?

The first 500 bought @ £04.75.

So now @ bid price.

pc

£4.75 + £0.98 = £5.73 [+ trading fee]

[v01101999] 18/5/2007 11:27

BUT MM's have put the spread so high, it would hurt when one is trying to sell. Right now, BGY is 592.75/593 whereas BGYW is 475/495. With 20p spread, it may not be worth it.

[chapman123] 18/5/2007 11:17

DRX up today much the same as BGY hold both not sure why ???

[pc4900074200] 18/5/2007 08:59

What about placing warrent charts in header?



pc

[pc4900074200] 18/5/2007 08:50

Someone has taken note?

Two buys on BGYW and its gone up 3.8%

pc

Edit. With 2.5 years before close. A good buy.

[hightech] 17/5/2007 23:58

Closing price of BGYW is equal to BGY at 568, so BGYW is 7p cheaper than BGY to buy.

[pc4900074200] 17/5/2007 15:32

Warrents list?



14/01/10

£00.98

pc

[v01101999] 17/5/2007 09:22

what is the strike price and expiry for BGYW

[hightech] 17/5/2007 08:21

I think we should buy BGYW. It's much cheaper than BGY.
Any idea?