Power Prices Leap On Nuclear Shock ; British Energy Cuts Output As Checks Find Corrosion at Hartlepool Plant

Summary

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BRITISH ENERGY delivered an electric shock to UK power markets today, closing down four nuclear reactors and shutting off 25% of generating capacity for the immediate future.

The shutdowns after corrosion was found at the weekend during routine inspections at its Hartlepool nuclear power station sent the price of electricity soaring and British Energy's shares plummeting.

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Extract

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Power Prices Leap On Nuclear Shock ; British Energy Cuts Output As Checks Find Corrosion at Hartlepool Plant

The latest operational setback for the company -- the guardian of Britain's nuclear fleet and responsible for up to a fifth of the nation's e...

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