Issues update on Heysham 1 and Hartlepool nuclear power stations, expects FY14 EPS to be reduced by 0.6-0.9p/share (previously saw negative impact of 0.3p/share)
- Centrica notes the statement issued this morning by EDF Energy, providing an update on boiler inspections at the Heysham 1 and Hartlepool nuclear power stations. Centrica has a 20% interest in EDF Energy's existing nuclear operations.
- On 11 August 2014, Centrica announced that its 2014 earnings per share were expected to reduce by 0.3 pence per share, reflecting EDF Energys initial estimate of the reduced output from the affected nuclear power stations. On the basis of the latest estimates for returning the reactors to service, and the associated costs, Centricas earnings per share in 2014 are now expected to reduce by between 0.6 and 0.9 pence per share (inclusive of the 0.3 pence per share announced on 11 August 2014).