Stiff opposition to nuclear charge

Friday, October 17, 2008

Electrabel has reacted strongly against a plan from the Belgian government to force a one-off payment of €250 million ($338 million) from nuclear power generators.

The company's parent group, GdF-Suez has told the Belgian government that it "emphatically protests" a draft of new legislation which requires nuclear operators - and nuclear operators only - to make a "contribution" of €250 million to government coffers for the 2008 financial year.

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Centrica takes control of Belgium’s SPE

Wednesday, July 23, 2008

Centrica on Wednesday fulfilled its long-standing vow to take control of Belgian power company SPE, frustrating Gaz de France’s plans to sell its stake to EDF.

The UK energy group exercised a pre-emption right over GDF’s 25.5 per cent stake in SPE for €515m (£407m) in cash, with another €105m later. The deal is expected to be completed in September.

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SPE buys Belgian nuclear capacity from Electrabel

Wednesday, March 12, 2008

BRUSSELS, March 12 (Reuters) - Belgian electricity company SPE said on Wednesday it had bought 635 megawatts of nuclear energy capacity from Suez's Electrabel, boosting its share of Belgium's nuclear market to some 15 percent.

SPE, partly owned by Gaz de France and Britain's Centrica, said it was a three-part deal.

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