September 18, 2014 6:15 AM ET

Electric Utilities

Company Overview of EDF Energy Plc

Company Overview

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

Victoria

London,  SW1X 4EN

United Kingdom

14,858 Employees

Phone:

44 20 7242 9050

Fax:

44 20 7752 2104

Key Executives for EDF Energy Plc

Chief Executive Officer
Age: 60
Chief Financial Officer and Executive Director
Operations Director
Age: 60
Chief Executive Officer of British Energy
Age: 70
Managing Director of Nuclear New Build
Compensation as of Fiscal Year 2014.

EDF Energy Plc Key Developments

EDF Energy and Trade Unions Conclude Negotiations for Hinkley Point C

EDF Energy and trade unions have concluded negotiations on a comprehensive package of collective agreements for workers involved in building the proposed new Hinkley Point C nuclear power station in Somerset. The agreements, which cover supervisors and support service workers (such as security, transport, cleaning and catering) as well as construction workers, set the project's policies and culture for effective collaboration between all parties involved, including EDF Energy management, contractors, unions and the entire workforce. The agreements cover the entire Hinkley Point C workforce from construction workers to supervisors, bus drivers to catering and cleaning staff.

EDF Energy Announces Labour Agreement with Unions

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

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.

Similar Private Companies By Industry

Company Name Region
Teesside Power Holdings Ltd Europe
Power NI Ltd. Europe
Leven Power Limited Europe
NRL (GEM) Limited Europe
S+S Limited Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact EDF Energy Plc, please visit www.edfenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.