Progress by British Energy

3 June 2002

British Energy (BE) has reported a pre-tax profit of £42 million before exceptional items for 2001-02. This comprised a £41 million UK loss and a £83 million North American profit, from AmerGen in the USA and Bruce Power in Canada.

In the UK, BE wrote off £300 million on its coal-fired power station due to low prices, while nuclear output rose to 67.6TWh and nuclear costs dropped to 1.67p/kWh. BE envisages future annual profits from Bruce Power of £20-25 million per reactor, and £10 million per reactor from its half share in AmerGen.

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