Centrica ends plan to build UK nuclear plants
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[February 04, 2013]
Centrica PLC, the owner of British Gas, is pulling out of plans to build four new nuclear power reactors in Britain, citing uncertainty over the overall cost of the project.
Centrica said in a statement Monday that pre-development costs were approaching a cap of 1 billion pounds, ($1.6 billion) and that a detailed assessment convinced the company not to proceed with the project.