Michele Kearney's Nuclear Wire

Major News and Commentary Military and Civilian Nuclear Activities

Monday, April 23, 2012

Centrica Threatens To Pull Out Of Nuclear Plant Plan

Centrica Threatens To Pull Out Of Nuclear Plant Plan

LONDON –  Centrica PLC (CNA.LN), the only U.K. company in the running to build a new generation of atomic power plants in the U.K., said it could scrap its plans because of uncertainty over the government's energy policy, the Financial Times reported Sunday.

"Nuclear power stations cost GBP6 billion each and we must know what the return is going to be on that kind of investment," a person close to the company told the Financial Times. "If we don't get the right answers, we won't proceed."

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