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Centrica PLC (CNA.L)

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Latest Key Developments (Source: Significant Developments)

Centrica PLC sells 50 percent interests in Glens of Foudland, Lynn and Inner Dowsing wind farms
Friday, 5 Feb 2016 02:00am EST 

Centrica PLC:Says Centrica and its 50% joint venture partner EIG Global Energy Partners (EIG) have agreed a joint sale of the Glens of Foudland, Lynn and Inner Dowsing wind farms (GLID).Says the sale is to a consortium, comprising UK Green Investment Bank Offshore Wind Fund and funds managed by BlackRock, for an enterprise value of 423 million pounds.Says after repayment of debt associated with GLID and other costs, Centrica's net share of the proceeds will be about 115 million pounds.  Full Article

Centrica PLC says to cut 500 jobs to rein in costs - Reuters
Tuesday, 2 Feb 2016 04:18am EST 

Centrica PLC:Britain's largest energy supplier, British Gas, said on Tuesday it planned to cut around 500 jobs as part of an ongoing cost-saving programme announced by its parent company Centrica - RTRS."British Gas is well positioned to grow, but we must ensure that our costs allow us to be competitive for our customers," said Mark Hodges, chief executive of UK energy supply at British Gas. British Gas did not say where or when the job cuts will be made. - RTRS.  Full Article

Centrica PLC - UK watchdog extends energy market probe to June 2016 - Reuters
Sunday, 20 Sep 2015 08:00pm EDT 

Centrica PLC:Britain's competition authority has extended the deadline for its investigation into the country's largest energy suppliers by six months to late June 2016 to consider feedback from industry and consumer groups, it said on Monday - Reuters.Six suppliers -- SSE , Scottish Power, Centrica, RWE npower, E.ON and EDF Energy -- control more than 90 percent of the market and are under intense scrutiny because of public outrage over rising energy bills - Reuters.The Competition and Markets Authority (CMA) said it would aim to deliver the findings "well within" the new timeframe, with a provisional decision by January and a final decision by the end of April - Reuters.An interim update to the probe, published in February, showed most British energy customers who have not switched supplier and/or tariff have missed out on saving up to 234 pounds ($360) a year - Reuters.  Full Article

Centrica plc announces interim dividend
Thursday, 30 Jul 2015 06:30am EDT 

Centrica plc:Announced an interim dividend of 3.57 pence per share, 30 pct lower than the 2014 comparative of 5.10 pence per share, will be paid on Nov. 26 to shareholders on the register on Oct. 2.  Full Article

Centrica PLC appoints Jeff Bell as chief financial officer
Wednesday, 29 Jul 2015 03:30am EDT 

Centrica PLC:Says appointment of Jeff Bell as chief financial officer with effect from Aug. 1, at which time he will also join Centrica plugs Board.Says Jeff was appointed interim CFO on Sept. 1 last year following departure of Nick Luff.  Full Article

Centrica Plc proposes final dividend
Thursday, 19 Feb 2015 02:00am EST 

Centrica Plc:Proposed final dividend of 8.4 pence.Ex-dividend date April 30.Record date May 1.Payment date June 25.  Full Article

Centrica Inc gives FY 2015 earnings guidance
Thursday, 19 Feb 2015 02:00am EST 

Centrica Inc:Sees FY 2015 adjusted earnings to be down compared to FY 2014.The company reported Adjusted earnings of GBP 962 mln in FY 2014.FY 2015 Net Income of GBP 1.032 bln - Thomson Reuters I/B/E/S.  Full Article

Centrica sells 50 pct interest in Barrow Offshore Wind Farm
Friday, 19 Dec 2014 05:30am EST 

Centrica Inc:Has sold its 50 pct non-operated interest in the 90MW Barrow Offshore Wind Farm, located in the East Irish Sea.The stake has been acquired by the operator, DONG Energy, which owns the remaining 50 pct of the asset.As part of the transaction, the power purchase agreement (PPA) currently in place between Centrica and the Barrow Offshore Wind Farm will be terminated.The total consideration is 50 mln pounds in cash.Sale is in line with Centrica`s strategy to release capital from its UK operational wind portfolio for value.Centrica retains interests in three operational wind farms and continues to purchase a substantial amount of renewable and lower carbon power for its customers.  Full Article

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Centrica sells Trinidad and Tobago gas assets to Shell

LONDON British utility Centrica said on Wednesday it has agreed to sell its gas assets in Trindad and Tobago for $30 million to Royal Dutch Shell .