Centrica PLC's (LSE:CNA) long-term value could receive further support from a reported agreement to extend the life of the Sizewell B nuclear power station, according to Citi. A Bloomberg report suggested that EDF and the owner of British Gas Centrare close to agreeing heads of terms with the UK government for a 20-year extension of the plant's operating life.
EDF and Centrica are poised to agree on a draft deal with the UK government to extend the life of the Sizewell B nuclear power station by 20 years, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Britain's Centrica said on Wednesday it had signed a 10-year gas supply deal with Canada's Peyto Exploration and Development for 50,000 million British thermal units of natural gas per day starting in 2029.
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