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British Energy shares slide on output concerns

Shares in British Energy dived 8 per cent yesterday as problems at two of its nuclear power stations threatened to slash output a year after boiler cracks forced two of its other plants to close all winter.

British Energy shares led the FTSE 100 index down after the UK's biggest power generator said it had shut two more reactors after finding an "issue related to a wire winding" in the boiler closure unit at its Hartlepool-1 plant.

The weekend closures left almost half of British Energy's nuclear reactors offline yesterday morning and revived memories of its Hinkley Point and Hunterston nuclear power stations being closed throughout last winter.

Brown should pray for a warm winter...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Oct 23rd, 2007 at 07:27:13 AM EST
Someone really must stop allowing the Brits to build things.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Tue Oct 23rd, 2007 at 07:45:38 AM EST
[ Parent ]
Yes, that's the hole in the UK pro-nuclear argument. There are many reasons for, but the secrecy and short-sighted cheapskating of the british establishment counsels against ever believing they can be trusted with matches, let alone a nuclear facility.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 23rd, 2007 at 08:36:40 AM EST
[ Parent ]
some days I don't think they can be trusted even with shoelaces.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Oct 23rd, 2007 at 09:10:08 AM EST
[ Parent ]
It's not the Brits fault they chose the gas reactors. They had no idea what they were getting into.

Of course, it's an irony of history that "anti-American" Gaullist France abandoned it's domestic gas reactors and went for American technology while the Brits with their "special realtionship" stayed with domestic gas reactors...

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Tue Oct 23rd, 2007 at 05:23:28 PM EST
[ Parent ]

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