January 24, 2015 11:50 PM ET

Electric Utilities

Company Overview of EDF Energy Plc

Company Overview

EDF Energy plc, together with its subsidiaries, engages in the provision and supply of electricity and gas to commercial, residential, and industrial customers in the United Kingdom. The company also offers services relating to energy, including purchasing of fuel for power generation; generating electricity through nuclear, coal, gas, thermal, and wind generation plants. In addition, it is involved in telecoms and electricity retailing activities; and the provision and supply of transport services, as well as offers gas storage facilities. The company supplies electricity and gas to approximately 5.5 million customers. EDF Energy plc is based in London, the United Kingdom. EDF Energy plc is...

40 Grosvenor Place

Victoria

London,  SW1X 4EN

United Kingdom

14,858 Employees

Phone:

44 20 7242 9050

Fax:

44 20 7752 2104

Key Executives for EDF Energy Plc

Chief Executive Officer
Age: 60
Chief Financial Officer and Executive Director
Operations Director
Age: 60
Chief Executive Officer of British Energy
Age: 70
Managing Director of Nuclear New Build
Compensation as of Fiscal Year 2014.

EDF Energy Plc Key Developments

Qatar Is Considering Investment In Hinkley Point Nuclear Plant

Qatar's energy minister has said the gas-rich Persian Gulf sheikhdom would consider investing in the £25 billion Hinkley Point nuclear project in Somerset. Speaking to The Telegraph, Mohammed bin Saleh Al-Sada said, "We are looking at making further energy investments in Europe and the UK" adding that backing the construction of Britain's first atomic plant in over 25 years was one of the options under review. News of the potential investment in the project from Qatar comes as the consortium behind the project led by EDF Energy Plc and Areva S.A. (ENXTPA:AREVA) seek additional funding from investors. EDF has said it also plans to sell a combined stake of between 30% and 40% to China General Nuclear Corporation and China General Nuclear Power Corporation, and would also sell up to 15% to other parties. Saudi Electricity Company (SASE:5110) has been identified as one of the parties that may seek to take a 10% stake in the venture amid difficult negotiations with potential Chinese investors.

EDF Energy and Trade Unions Conclude Negotiations for Hinkley Point C

EDF Energy and trade unions have concluded negotiations on a comprehensive package of collective agreements for workers involved in building the proposed new Hinkley Point C nuclear power station in Somerset. The agreements, which cover supervisors and support service workers (such as security, transport, cleaning and catering) as well as construction workers, set the project's policies and culture for effective collaboration between all parties involved, including EDF Energy management, contractors, unions and the entire workforce. The agreements cover the entire Hinkley Point C workforce from construction workers to supervisors, bus drivers to catering and cleaning staff.

EDF Energy Announces Labour Agreement with Unions

EDF Energy has agreed a labour agreement with unions for the workers who will build the proposed new Hinkley Point C nuclear power station in Somerset. The agreement, with the GMB and Unite unions, applies to electrical and mechanical workers who will work on the project and confirms their pay and conditions of employment.

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