Shows & Panels
- Accelerate and Streamline for Better Customer Service
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Client Virtualization Solutions
- Data Protection in a Virtual World
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Feds in the Cloud
- Health IT: A Policy Change Agent
- Improving Healthcare Outcomes through IT Policy
- IT Innovation in the New Era of Government
- Making Dollars And Sense Out of Data Center Consolidation
- Navigating the Private Cloud
- One Step to the Cloud, Two Steps Toward Innovation
- Path to FDCCI Compliance
- Take Command of Your Mobility Initiative
Shows & Panels
Centrica ends plan to build UK nuclear plants
Monday - 2/4/2013, 5:51am EST
LONDON (AP) - Centrica PLC, the owner of British Gas, is pulling out of plans to build four new nuclear power reactors in Britain, citing uncertainty over the overall cost of the project.
Centrica said in a statement Monday that pre-development costs were approaching a cap of 1 billion pounds, ($1.6 billion) and that a detailed assessment convinced the company not to proceed with the project.
The move comes four years after Centrica struck a 2.3 billion pound deal with Electricite de France SA (EDF) to take a stake in EDF's nuclear business in Britain.
Centrica said its 20 percent interest in the eight existing nuclear power stations in Britain is unaffected by Monday's decision.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)