Dispute dims power's big day

Article Abstract:

The UK government claims that the opening up of the domestic gas and electricity markets to full competition has been a success, even though only a small number of electricity customers have switched supplier so far and poorer consumers have benefited least. There has been particular controversy over the fact that electricity companies are putting pressure on the government to be permitted to pass on their full costs to customers, which would lead to 270 million pounds sterling being added to household bills in 2000. It is widely anticipated that a small number of powerful suppliers will emerge.

Electric Utilities, Gas Utilities, Natural Gas Distribution, Electric Power Distribution, Gas Production and Distribution, Gas Distribution, Laws, regulations and rules

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United Utilities shocks City by ousting Staples

Article Abstract:

Water and electric utilities United Utilities Chief Executive Brian Staples has been removed by the company's board. This has led to a 70p fall in its share price to 699p, reducing its market capitalization by 370 million pounds sterling. United Utilities has stated that its board had lost confidence in Staples, who may receive a pay-off of around 500,000 pounds sterling. The move has caused concern among institutional investors.

Water Supply and Irrigation Systems, Water supply, Water Utilities, Electric Utilities, Municipal & Regional, Officials and employees, Appointments, resignations and dismissals, United Utilities PLC, Municipal electric utilities, Staples, Brian

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British Energy sets sights on expansion into North America

Article Abstract:

British Energy has reported a drop in profits to only 10 million pounds sterling in 2000, from 241 million pounds sterling in 1999. It believes that there are good prospects in the North American nuclear market, where there are several reactors for sale.

Nuclear Electric Power, Nuclear Electric Power Generation, Finance, Nuclear industry, Nuclear energy, British Energy PLC

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