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Share Name Share Symbol Market Type Share ISIN Share Description
Centrica Plc LSE:CNA London Ordinary Share GB00B033F229 ORD 6 14/81P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.26 -2.56% 48.04 48.11 48.18 50.02 47.94 50.02 28,988,752 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 12,249.0 -577.0 41.0 1.2 2,807

Centrica PLC Centrica to sell Peterborough site

01/06/2021 10:13am

UK Regulatory (RNS & others)


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Centrica PLC

01 June 2021

1 June 2021

Centrica to sell Peterborough site

Centrica plc has agreed to sell its Peterborough site, which comprises freehold land, the 245MW Peterborough open cycle gas turbine (OCGT) and the 49MW reciprocating gas engine to Whitetower Holdings UK Limited, an affiliate of Rockland Capital, LP. The agreed consideration is GBP20m, which is subject to customary working capital and other completion adjustments.

The transaction is expected to complete before the end of September 2021, and Centrica will continue to provide optimisation services to the Peterborough site after the sale.

The sale is consistent with Centrica's strategy to become a simpler, leaner Group focused on delivering for its customers and its target to be net zero by 2045.

-Ends-

About Centrica

Centrica is a leading energy services and solutions provider founded on a 200-year heritage of serving people. We are the UK's biggest retailer of zero carbon electricity, serving around 10 million customers across the UK, Ireland and Continental Europe through brands such as British Gas, supported by around 9,000 highly trained engineers and technicians. Centrica's purpose of helping customers live sustainably, simply and affordably drives our strategy and our People and Planet Plan .

About Rockland

Rockland Capital is a private equity company that was formed in early 2003 in order to acquire and develop selected investment opportunities in power and energy infrastructure markets. Rockland is currently investing Rockland Power Partners III, LP, a $454 million private equity fund with investors that include U.S. endowments and foundations, funds of funds, pension plans and family offices. The firm also manages Rockland PJM Partners, LP, a $200 million private equity fund, Rockland Power Partners II, LP, a $425 million fund and, Rockland Power Partners, LP, a $333 million fund. Investments have been located throughout the United States and the United Kingdom, ranging from 1,875 MW to 5 MW, fuelled by natural gas, coal, biomass, oil, energy storage, wind and solar power.

For more information, please contact:

Centrica Media Relations

Tel: +44 (0)1784 843 000

Email: media@centrica.com

Centrica Investor Relations

Tel: +44 (0)1753 494 900

Email: ir@centrica.com

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June 01, 2021 05:13 ET (09:13 GMT)

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