Boxing for Buhinga: City lawyers from HSBC, Credit Suisse, Taylor Wessing, EDF and Baker & McKenzie don gloves for charity match November 23, 2014 Lawyers are known for their ferocity inside the courtroom, but rarely do we get to see them bare their teeth outside. Well, thanks to Baker & McKenzie senior associate Matt Totman, now we do. Saturday night saw the Boxing for Buhinga event take place at The Brewery and with it, 16 City lawyers pulling [...]
European Commission approves EDF’s Hinkley Point nuclear plant project October 8, 2014 The European Commission has approved EDF's £16bn nuclear plant project Hinkley Point after revised plans were submitted that brought it “in line with EU state aid rules”. The body approved the plans after the UK government agreed to “significantly modify the terms of the project financing”, it announced this morning. Under the revisions, the [...]
EC to decide on EDF’s £16bn Hinkley Point nuclear plant project today October 8, 2014 The European Commission is to decide today whether controversial plans to build a government-backed nuclear power plant in Somerset will go ahead. Proposals for the £16bn Hinkley Point plant, which will be built by French energy giant EDF, are being examined by the EC to establish whether the deal constitutes illegal aid. If [...]
Who wants Scotland to be independent? CBI and EDF are latest to call for United Kingdom September 16, 2014 Two business big-hitters last night joined a chorus of calls urging Scottish voters to stick with the United Kingdom instead of voting for independence tomorrow. Both the Confederation of British Industry and EDF Energy urged Scots to consider the risks of a Yes vote, as campaigning north of the border reached fever pitch. In a [...]
EDF Energy nuclear reactors may be out until end of year fuelling winter blackout fears September 4, 2014 Fears of power blackouts in the UK this winter due to possible shortages in energy supply were heightened yesterday, after major energy supplier EDF revealed four reactors at its nuclear power plants might not come back online until the end of the year. The UK subsidiary of the large French energy company said four nuclear [...]
EDF Energy told to pay £3m by Ofgem for for failing to handle customer complaints correctly August 22, 2014 EDF Energy has been ordered to pay £3m to vulnerable customers by energy watchdog Ofgem after an investigation into the way customer complaints were handled. Ofgem found the energy giant did not correctly deal with complaints from customers between May 2011 and January 2012. The investigation began after a 30 per cent rise in complaints [...]
EDF Energy shuts down four UK nuclear reactors after boiler defect August 11, 2014 Energy giant Centrica, which owns a 20 per cent stake in EDF Energy’s nuclear operations, yesterday warned that its earnings per share would be lower this year after a boiler defect caused its French peer to shut down four of its ageing reactors in the UK. EDF said it found an “unexpected” defect on a [...]
Doosan Babcock signs deal to support EDF’s UK nuclear plants February 18, 2014 ENERGY services company Doosan Babcock yesterday said it has secured a deal with EDF to support the operations of seven of its nuclear power stations in the UK, securing around 1,000 jobs. The agreement will come to an end when the last of the seven power stations ceases power generation, with Doosan Babcock calling it [...]
EDF nuclear subsidy is a naive gamble on the future price of carbon and gas October 22, 2013 RARELY have we seen a policy shrouded in so many what-ifs. The much-anticipated announcement that new French-designed atomic reactors are to finally go ahead at Hinkley Point in Somerset has been greeted with a mixture of elation and caution. The caution is well-founded, and Parliament’s scrutineers need to get ready. We still know very little [...]