Key Developments: Centrica PLC (CNA.L)

CNA.L on London Stock Exchange

11 Jul 2014
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-1.60p (-0.52%)
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Latest Key Developments (Source: Significant Developments)

Centrica and Qatar Petroleum International to acquire further gas assets in Canada
Thursday, 15 May 2014 04:00am EDT 

Centrica PLC:CQ Energy Canada Partnership (CQE), joint venture between Centrica and Qatar Petroleum International Ltd to acquire a package of natural gas assets in the Foothills region of Alberta from Shell Canada Energy.For C$50 mln (27 mln pounds).Shell to receive CQE`s interest in the Burnt Timber gas processing plant and interest in the Waterton undeveloped lands in South West Alberta.CQE estimates that the assets to be acquired have 2P reserves of 90bcfe.  Full Article

Centrica Plc updates on FY 2014 EPS outlook below analysts' estimates
Thursday, 8 May 2014 02:00am EDT 

Centrica Plc:Expect FY 2014 adjusted earnings per share to be in the range 0.22- 0.23 Pound per share.FY 2014 EPS of 0.25 Pound - Thomson Reuters I/B/E/S.  Full Article

Centrica PLC's British Gas makes payments of 5.6 mln pounds following errors in switching and renewal processes
Thursday, 10 Apr 2014 02:00am EDT 

Centrica PLC's British Gas:British Gas makes payments of 5.6 mln pounds following errors in switching and renewal processes.Ofgem found British Gas Business incorrectly blocked businesses from switching and failed to give some businesses notice that their contract was due to end.Supplier has already paid nearly 1.3 mln pounds to affected business customers, and will pay a further 3.45 mln pounds into an energy efficiency fund and an 800,000 pounds penalty.Ofgem found that from 2007-2012 around 5.6 pct of the objections made by British Gas Business to non-domestic customers wanting to switch suppliers were invalid.In a separate investigation, Ofgem found that British Gas Business failed to give notice to around 1,200 business customers (most of which were micro-businesses) that their tariff was about to expire.  Full Article

Centrica Plc announces ownership interest of Aberdeen Asset Managers Limited
Thursday, 3 Apr 2014 08:00am EDT 

Centrica Plc:As on March 31 Aberdeen Asset Managers Limited had a notifiable interest of 327,777,755 ordinary shares of 614/81 pence each representing about 6.48 pct of the company’s issued share capital.  Full Article

Centrica PLC to acquire Bord Gáis Energy’s gas and power supply business
Tuesday, 25 Mar 2014 03:00am EDT 

Centrica PLC:Together with Brookfield Renewable Energy Partners L.P. and iCON Infrastructure Partners II, L.P. has agreed to acquire Bord Gáis Energy (BGE), the Irish energy business from Bord Gáis Éireann for 1.1 bln euros (920 mln pounds).Expects to close in H1 2014.Will acquire BGE’s gas and electricity supply business in Ireland and the Whitegate gas-fired power station, which make up 210 mln euros (175 mln pounds) of the total enterprise value.  Full Article

Centrica Plc gives FY 2014 EPS outlook - Conference Call
Thursday, 20 Feb 2014 12:30pm EST 

Centrica Plc:Expects FY 2014 earnings per share (EPS) to be below those in FY 2013 in line with recent analysts forecasts, once adjusted for the impact of the polar vortex and FX movements on direct energy.The company reported EPS of $1.65 in FY 2013.  Full Article

Centrica Plc declares dividend
Thursday, 20 Feb 2014 02:00am EST 

Centrica Plc:Declares interim dividend of 4.92 pence per share.Says proposes final dividend of 12.08 pence, giving a total ordinary dividend of 17.0 pence for the year (2012: 16.4 pence), an increase of 4 pct.  Full Article

Centrica Plc's Direct Energy completes sale of three texas power plants to Blackstone
Friday, 17 Jan 2014 12:42pm EST 

Centrica Plc:Says its subsidiary Direct Energy, completed the previously announced sale of three gas-fired power generation facilities in Texas to Blackstone.Says facilities, located in Bastrop, Mission, and Paris, are part of the Electric Reliability Council of Texas' (ERCOT) North and South zones and total about 1,295 megawatts (MW) of capacity.Says as part of the transaction, an affiliate of Direct Energy has entered into a three year call option arrangement for an equivalent amount of capacity with Blackstone.  Full Article

Centrica Plc finance chief quits-Reuters
Tuesday, 7 Jan 2014 06:00am EST 

Centrica Plc:Finance director Nick Luff will quit this year-Reuters.Luff would leave some time before Dec. 31 but the date was yet to be confirmed.  Full Article

Centrica Plc to sell Texas gas-fired power stations
Wednesday, 18 Dec 2013 04:15am EST 

Centrica Plc:Says its North American subsidiary, Direct Energy, has agreed to sell its Texas gas-fired power stations to Blackstone for $685 million (420 million pounds) in cash.Says the three units, located in Paris, Bastrop, and Mission, have a combined capacity of 1,295MW.Says as part of the transaction, Direct Energy has also entered into a three year call option arrangement for an equivalent amount of capacity with Blackstone.Says the transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2014.  Full Article

British Gas pays compensation to misled customers, charity

LONDON, July 4 - British Gas, Britain's largest energy supplier owned by utility Centrica, has paid around 4,000 customers and a charity 1 million pounds ($1.7 million) for misleading savings promises on its energy tariffs, regulator Ofgem said on Friday.

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