British Energy eyes more Canada investments
- LONDON - Nuclear power group British Energy Plc, which reported narrower first half losses helped by a first contribution from its Canada business, said on Wednesday it was considering further investments in the country.
"We are looking at a number of possible business investments, largely in Canada, which would be complementary to Bruce," Executive Chairman Robin Jeffrey told reporters in a conference call.
The company's 80 percent interest in Bruce Power in Canada contributed 40 million pounds ($58.3 million) of profit in the first half, which helped to reduce group losses to 17 million from 56 million in the same period of last year.
($1=.6864 Pound)
Related News
Portland General Electric Program Will Transform Hundreds of Homes Into a Virtual Power Plant
PORTLAND - Portland General Electric Company is set to launch a pilot program that will incentivize installation and connection of 525 residential energy storage batteries that PGE will dispatch, contributing up to four megawatts of energy to PGE's grid. The distributed assets will create a virtual power plant made up of small units that can be operated individually or combined to serve the grid, adding flexibility that supports PGE's transition to a clean energy future. When the program launches this fall, incentives will be available to residential customers across PGE's service area. Rebates will be available to customers within three neighborhoods…
