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Centrica May Mothball More Gas Plants as Capacity Trims Profits

Centrica Plc, the U.K.’s biggest supplier of residential gas and energy, may mothball three more of its eight gas-fired power plants, after announcing the closure of two today.

“Gas-fired generation is not making money at the moment,” Centrica Chief Executive Officer Sam Laidlaw said at a press conference today. “We’re shutting down two and we’ve moved three onto open-cycle.”