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Nuclear output and financial performance lower than last year, primarily reflecting the Boiler Closure Unit issue at Hartlepool and
Heysham 1
Continued improvement in underlying operating metrics, with pronounced improvement in small losses to 4.1TWh, the lowest recorded level
Adjusted EBITDA reduced from £1,221m in FY 2006/07 to £882m
Five year plant life extensions to 2016 agreed for Hinkley Point B and
Hunterston B
FY 2006/07 base dividend of 13.6p per ordinary share paid in July 2007 and additional dividend of 14.5p per ordinary share paid in April 2008
Proposed base dividend of 13.6p per ordinary share (FY 2006/07: 13.6p)
In financial year 2007/08 nuclear output and earnings were lower than the previous year because of significant technical challenges with the Boiler Closure Unit (BCU) issue at Hartlepool and Heysham 1 and lower loads at Hinkley Point B and Hunterston B following a reduction in boiler tube temperatures.
Financial Review
As anticipated at the start of the year, the Group’s financial performance in comparison to the prior year shows a reduction in the key financial indicators: revenue, adjusted EBITDA, operating profit and profit before tax.
Corporate Social Responsibility
British Energy is committed to being a responsible operator. The bedrock of our commitment is being open, ethical, good environmental stewards, and above all, operating safely at all times.
