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Pennon weathers worst of crisis
The water and waste management group saw half-year profits rise 13% on the back of a strong performance by its two subsidiaries
GE’s bid for Areva arm poses questions
The sale of Areva’s power transmission and distribution subsidiary sparks speculation about whether France really is ready to choose a foreign bid over a home-grown solution
National Grid profits rise despite drop in demand
The supplier of electricity and gas in the UK and US reported a 16% rise in interim pre-tax profits despite a fall in demand from energy customers due to the recession
New EDF chief voices dissent
Henri Proglio has sparked a controversy just days before he takes over at France’s state-controlled nuclear operator by claiming the country’s showcase atomic industry is not working
Doosan focuses energy on renewables
Doosan Heavy Industries & Construction, South Korea’s biggest power plant and equipment maker, is investing Won700bn to develop wind turbines and other green technologies
Vattenfall prepares to name new chief
The Swedish power group, is close to naming a new chief executive to succeed Lars Josefsson
Mixed fortunes seen by Centrica
The owner of British Gas is likely to meet market estimates of about a 4% drop in profits this year, but profits from its residential supply business are expected to rise
Executives arrested in Italy wind farm probe
Police said the charges related to fraud involved in obtaining public subsidies to construct wind farms. They are also investigating the sale of wind farms to foreign companies
Vattenfall drops plan for nuclear investment
The state-owned Swedish power group has put on hold the sale of its domestic electricity distribution business and invest in UK nuclear power amid a political storm over the proposals
SSE chief vows to try to hold prices
Scottish and Southern Energy will try to hold its retail prices unchanged for as long as possible





