Company Overview of EDF Energy Plc
EDF Energy plc, together with its subsidiaries, engages in the provision and supply of electricity and gas to commercial, residential, and industrial customers in the United Kingdom. The company also offers services relating to energy, including purchasing of fuel for power generation; generating electricity through nuclear, coal, gas, thermal, and wind generation plants. In addition, it is involved in telecoms and electricity retailing activities; and the provision and supply of transport services, as well as offers gas storage facilities. The company supplies electricity and gas to approximately 5.5 million customers. EDF Energy plc is based in London, the United Kingdom. EDF Energy plc is...
40 Grosvenor Place
London, SW1X 4EN
Key Executives for EDF Energy Plc
Chief Financial Officer and Executive Director
Chief Executive Officer of British Energy
Managing Director of Nuclear New Build
Compensation as of Fiscal Year 2013.
EDF Energy Plc Key Developments
EDF Energy Announces Labour Agreement with Unions
Nov 6 13
EDF Energy has agreed a labour agreement with unions for the workers who will build the proposed new Hinkley Point C nuclear power station in Somerset. The agreement, with the GMB and Unite unions, applies to electrical and mechanical workers who will work on the project and confirms their pay and conditions of employment.
UK Government and EDF Energy Reach Initial Agreement on Hinkley Point C Nuclear Power Station
Oct 21 13
The UK Government and EDF Energy have signed an agreement on the key terms of a proposed investment contract for the Hinkley Point C nuclear power station in Somerset, that will generate enough electricity to power around six million homes. The agreement sets a strike price of £89.5 (€105.9)/MWh fully indexed to the consumer price index, and that price benefits from an upfront reduction of £3 (€3.5)/MWh, assuming that the developer would share the costs of the EPR reactors across the Hinkley Point C and Sizewell C sites. The key term implies that if the developer does not take a final investment decision on Sizewell C, the strike price for Hinkley Point C will be £92.50 (€109.4)/MWh. In addition, EDF announced two Chinese companies, CGN and CNNC, are likely to participate in the project as minority shareholders. EDF Energy had submitted the proposal to the Department of Energy and Climate Change (DECC) in October 2011 and received a development consent order to build, operate and decommission the proposed plant and associated development on 19 March 2013. The proposed project, which attracts an investment by EDF and its partners of approximately £16 billion (€18.9 billion), has also received a nuclear site licence and generic design assessment from the Office for Nuclear Regulation and necessary environmental clearances from the Environment Agency. Spanning across the 4,300-acre site - reducing to 165 acres once operational - the proposed plant will create around 25,000 construction jobs and 900 permanent jobs. The proposed project will include two UK EPR nuclear reactors units, two turbine halls, cooling water infrastructure, fuel and waste management facilities including storage, electricity transmission infrastructure, service and ancillary buildings, a sea wall, a public information centre and landscaping for the construction land. For the electricity transmission infrastructure of the plant - Hinkley Point C connection project, National Grid has announced the draft route for the new 400,000V power connection between Bridgwater and Seabank near Avonmouth, following three years of planning and public consultation. EDF Energy and other investors will fund the project, while consumers will pay for the electricity it generates from 2023 through their bills.
EDF Energy Plc Announces Earnings Results for Six Months Ended June 30, 2013
Aug 1 13
EDF Energy plc announced earnings results for six months ended June 30, 2013. For the period, company has reported a net income of EUR 2.88 billion, or EUR 1.56 per share compared to EUR 2.78 billion, or EUR 1.50 per share, for the six months ended June 30, 2012. Sales were EUR 39.75 billion compared to EUR 35.9 billion for the six months ended June 30, 2012. Operating profit was EUR 5.79 billion compared to EUR 5.6 billion for the six months ended June 30, 2012. Income before taxes of consolidated companies for the six months ended June 30, 2013 was EUR 4.12 billion, compared to EUR 3.8 billion, for the six months ended June 30, 2012. This performance is reflected in the increase in financial results, which have also been boosted by successful renegotiations of Edison's long-term gas contracts in Italy.
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