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| Centrica 'to buy nuclear stake' | Centrica 'to buy nuclear stake' |
| (10 minutes later) | |
| British Gas owner Centrica is reported to be on the brink of buying a 25% stake in nuclear firm British Energy. | British Gas owner Centrica is reported to be on the brink of buying a 25% stake in nuclear firm British Energy. |
| Centrica could sign the deal with British Energy's French owner EDF as early as Monday, reports have said. | Centrica could sign the deal with British Energy's French owner EDF as early as Monday, reports have said. |
| EDF and Centrica first agreed a £3.1bn deal in principal last summer, but talks have dragged on as electricity prices have fallen. | EDF and Centrica first agreed a £3.1bn deal in principal last summer, but talks have dragged on as electricity prices have fallen. |
| Centrica was not available to comment. British Energy runs eight UK nuclear plants and has plans for two more. | Centrica was not available to comment. British Energy runs eight UK nuclear plants and has plans for two more. |
| It hopes to build these as part of the UK government's plans for the country to get more of its electricity from nuclear generation. | It hopes to build these as part of the UK government's plans for the country to get more of its electricity from nuclear generation. |
| Analysts say it is this likely expansion that makes British Energy such an attractive investment. | Analysts say it is this likely expansion that makes British Energy such an attractive investment. |
| Nuclear giant | Nuclear giant |
| EDF's £12.5bn takeover of British Energy was first announced in September, with the deal finally concluded in January of this year. | EDF's £12.5bn takeover of British Energy was first announced in September, with the deal finally concluded in January of this year. |
| The French firm is the world's biggest operator of nuclear power stations. | The French firm is the world's biggest operator of nuclear power stations. |
| British Energy's eight existing power stations are Dungeness B, Hartlepool, Heysham 1, Heysham 2, Hinkley Point B, Hunterston B, Sizewell B and Torness. | British Energy's eight existing power stations are Dungeness B, Hartlepool, Heysham 1, Heysham 2, Hinkley Point B, Hunterston B, Sizewell B and Torness. |
| It plans to build new ones at Hinkley Point and Sizewell. | It plans to build new ones at Hinkley Point and Sizewell. |
| Centrica's holds its annual general meeting on Monday. |