UK: TXU EUROPE PLANS ASSET RESTRUCTURING
Article Abstract:
TXU Europe intends to restructure its assets in a move that could entail the sale of the electricity distribution operation of Eastern Electricity, the UK-based regional electricity company (REC) owned by the former. TXU, which is looking to become an energy services group, is considering the sale of its seven power stations in the UK in the run-up to a stock market flotation valued at GB[pound] 3bn over the coming year to year and a half. TXU is keen to expand in Europe and may purchase energy firms in Germany, Spain and Italy. TXU also aims to eventually reduce its dependency on the UK in revenue terms to 50% from 90% at present.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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UK: POWER COMPANIES ACCUSED OF PRICE RIGGING
Article Abstract:
The UK's major power generating companies were accused once again on 11 April 2000 of price fixing after it emerged that large consumers were paying double the rate paid by domestic users. Large users are paying GB[pound] 164 per megawatt hour with the increase attributed to power generating companies taking plants away form the electricity pool, thus driving up the capacity charge. A recommendation is to be made on 20 April 2000 that would prohibit the major generators from removing plant in order to raise prices.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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UK: ELECTRICITY SUPPLIERS ACCEPT NEW PRICE CURBS
Article Abstract:
Now that electricity regulator Ofgem has revised price curbs from an average of GB[pound] 25 to GB[pound] 15, the 14 electricity suppliers have all accepted or recommended acceptance of the figure.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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