British Energy PLC: Shares, Power Plants & NPNs

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About British Energy

British Energy, not to be confused with British Gas, was the largest electricity generation company in the UK by volume, until it was bought out by Electricite de France in 2009.

What happened exactly? well, due to a drop in wholesale energy prices worldwide, British Energy experienced some pretty serious financial difficulties in and aorund 2002. They even resorted to seeking aid from the British government. Following a number of restructuring moves in the form of acquisitions, part-sales and joint-ventures, almost all equity interest held by stockholders was eliminated. Some years late, in 2009, French energy giants, Electricite de France, decided to swoop in and strengthen their position in the UK energy market by acquiring British Energy.

The final trace of the British Energy brand was removed on 1st July 2011, and it was rebranded as a subsidiary of EDF Energy Nuclear Generation Limited. What remains of the previous company now exists wholly under the name EDF Energy.

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British Energy plants

At the time of its acquisition, British Energy operated a total of 9 power stations. They were primarily concerned with Advanced Gas-cooled Reactor (AGR) plants; however, they did operate one coal and one Pressurized Water Reactor (PWR) plant. These plants were as follows:

British Energy Power stations
British Energy had a generation arsenal of over 11,500 MW
  • Dungeness B (AGR - 1110 MW)
  • Eggborough (Coal - 1960 MW)
  • Hartlepool (AGR - 1210 MW)
  • Heysham 1 (AGR - 1150 MW)
  • Heysham 2 (AGR - 1250 MW)
  • Hinkley Point B (AGR - 1220 MW)
  • Hunterston B (AGR - 1190 MW)
  • Sizewell B (PWR - 1188 MW)
  • Torness (AGR - 1250 MW)

Apart from Eggborough power station, which in April 2010 - after the acquisition by EDF Energy - became an independent company, all of the above are still operational under the EDF Energy name. These power stations make up a majority of the EDF Energy generation business. They have three other power stations that were not part of British Energy: Cottam and West Burton A, West Burton B CCGT and West Burton C.

EDF Energy are also in the process of expanding their nuclear efforts by building two new nuclear power plants: Hinkley Point B and Sizewell C, with a third - Brakewell B - currently in the pre-planning stage.


British Energy Shares

Wondering what happened to your British Energy Shares? If British energy did not contact you and give you a Form of Acceptance by the 5th December 2008, you shares would have been subject to a 74p purchase. Get in touch with Equiniti as soon as possible to find out more and receive your funds.

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Equiniti Number for British Energy shares
Please check with your provider if you don't know how much a call will cost.
0371 384 2045
*Monday to Friday: 8:30am-5:30pm

Send a letter to...

Aspect House
Spencer Road
Lancing
West Sussex
BN99 6DA

 

 

Nuclear Power Notes

 

If you decided to hold on to your shares back in 2008, you should have been given Nuclear Power Notes. These notes gave people a continued interest in the British Energy’s (now EDF Energy’s) power stations with the potential for a cash payout at the end of every year.

The Nuclear Power Notes were valid for 10 years and matured on 7th February 2019. During these ten years, two cash payouts were made: one in January 2010 and the other in January 2019. All payouts were given to power note holders by electronic transfer. If you did not receive your money, contact Computershare and request a Dividend Mandate Form.

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Computershare
Please check with your provider if you don't know how much a call will cost.
0870 707 1760

Careers

Previous career opportunities with British Energy can still be found across the industry, espeically in the nuclear industry. Since EDF’s acquisition of British Energy, the demand for energy has risen in line with economic developments, advancements in technology, and increasing business and consumer consumption fueling growth to meet demand.

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Government funding has frequently been secured in previous years to ensure the creation, development and update of nuclear sites across the country to ensure the industry continues to meet the growing demand for energy consumption and the necessity to power economic growth.

This consistent demand for readily available energy to power homes and businesses across the UK also drives a growing demand for skilled workers to fulfill diverse, challenging and competitive opportunities.

A career in the energy sector provides dynamism and growth across a wealth of diverse technical disciplines. As well as techinical, civil, structural and mechanical engineers professional persons with competencies in the following are also greatly sought after:

  • Risk assessment
  • Strategy planning
  • Project management
  • Business management
  • Training
  • Document control
  • Quality control
  • Analysts
  • Radiation safety
  • Information technology
  • Chemistry
  • Accounting
  • Human resources
  • Security

On top of very rewarding career opportunities, a job in the energy sector means you will be part of providing a valuable service to millions of homes and businesses across the UK and the rest of the world.