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City presses Centrica to cancel plans for building nuclear power plants via guardian.co.uk

Centrica is being urged by the City to withdraw from a £4bn commitment to build new nuclear power stations in partnership with Electricité de France (EDF) amid soaring costs and delays at a prototype reactor at Flamanville in France.

The call comes days before the company will reignite the row over high domestic energy prices by reporting six-monthly operating profits at its British Gas Residential Energy division of £300m even before its latest price rises.

Meanwhile, a House of Commons report out on Monday demands that energy companies found guilty of mis-selling their products on the doorstep and elsewhere should pay compensation.

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By yukimiyamotodepaul – 2011/07/24

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