We’ve been following this one for a while, and the main points haven’t changed. BE is a massive decommissioning liability (as well as falling to pieces) but with some excellent brownfield sites: EDF is an even bigger liabilityand Sarkozy is playing a devious game in the strategic interests, naturellment, of La France.
Notwithstanding French protestations that the
Here’s some other points to bear in mind:
· Strange to relate, there really is a shortage of really good . Both E.on and RWE would love to get their hands on some ...
. Both E.on and RWE would love to get their hands on some ...
· Centrica is a really important player in all this, with lots at stake. They’ve made a lot of £££ since 2002 through very adroit dealings with BE, and need more of the same
· Schadenfreude aside, we can’t be indifferent to all this governmental ineptitude: the lights really will start going out in the next 6-8 years …
PS, for a truly fatuous commentary, how’s this from the FT ?
"The fact that [EDF] is owned by the French state is of no importance. EDF can be trusted to behave like a conventional commercial enterprise and there is no strategic reason to prevent a French company from running
With suckers like that writing for prestigious financial papers, what hope do we have that Brown and his sorry, distracted crew will think any more clearly ?