British Energy on the move

British Energy say they want new nuclear build by 2016.

BE is in the doldrums financially at the moment, saddled with the legacy of trying to make a profit with inefficient gas cooled reactors while everyone else makes an slaughtering with cheap North Sea gas.

With North Sea production becoming ever less able to meet energy demand in the UK, it makes the prospects look better. The threat at this point is interest rates and the Usual Suspects.

Chances are, they would get support from Europe, which would inevitably lead to the EPR being built. Still, if they are going to build loads of LWRs, there's always room for a couple of HWRs to reuse of the spent fuel.

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