Losses Up at N-Plants

Summary


Troubled nuclear power generator British Energy today announced a steep rise in operating losses and admitted that it was facing a challenging second half.

The group, which employs 500 at Hartlepool power station, said increased pension costs, an inability to take advantage of electricity price rises and higher depreciation charges had had a "significant adverse impact" on its profitability in the first half to September 30.

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Extract


Losses Up at N-Plants

Group losses after tax...

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