TITLE

Boiler repair costs hurt British Energy

PUB. DATE
November 2008
SOURCE
Utility Week;11/21/2008, Vol. 29 Issue 27, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in the revenues at British Energy in 2008. The firm's pre-tax profit nearly halved from £511 million to £257 million, due to higher staffing costs and increased operating expenses, including the cost of repairing boiler closure units. According to chief executive Bill Coley, he expected improved performance in the second half of the year because five reactors were due to come back into service.
ACCESSION #
36888806

 

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