Daily Mail: Centrica to abandon nuclear plants in Britain
Centrica is expected to turn its back on building new nuclear power stations in Britain and instead focus its expansion in the US.
The owner of British Gas will formally take the decision by January at the latest to end its partnership with French energy giant EDF to build a new Hinkley Point power station in Somerset.
According to senior company sources, only a dramatic change in Government policy on subsidising nuclear power would create a business case for investment.
Centrica is believed to see itself as the whipping boy for public anger over price increases and it is becoming increasingly disillusioned over the Government’s handling of energy policy, which is making long-term investment decision-making almost impossible.