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CNA Centrica Plc

128.55
1.55 (1.22%)
03 May 2024 - Closed
Delayed by 15 minutes
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
  1.55 1.22% 128.55 129.00 129.10 131.00 126.90 127.90 13,734,430 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 26.46B 3.93B 0.7326 152.13 597.72B

Centrica Says 2 UK Power Stations Awarded Capacity Agreements

19/12/2014 8:37am

Dow Jones News


Centrica (LSE:CNA)
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By Alex MacDonald

LONDON-- U.K. energy utility, Centrica PLC (CNA.LN) said Friday that its Langage and South Humber gas fired power stations have been awarded one-year capacity agreements starting in October 2018.

All capacity agreements are subject to final approval from the U.K.'s Department of Energy & Climate Change, which is expected no later than Jan 5, with a view to issuing a capacity agreement notice no later than January 30.

Companies bid to win capacity agreements from the U.K. grid operator National Grid PLC (NGG). The capacity agreements provide a steady payment for maintaining power generation capacity in return for a commitment to deliver electricity when needed or face a penalty linked to the amount of electricity that the utility failed to deliver.

Centrica owns and operates six gas-fired power stations in England and Wales, with a combined output of 3.7 gigawatts.

-Write to Alex MacDonald at alex.macdonald@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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