October 08, 2009 10:26 ET

EDF to Sell U.K. Grid Operations, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - October 8, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- French utility Electricite de France SA (EPA:EDF) (Paris) is considering options regarding the sale of the company's United Kingdom power distribution network in order to alleviate financial debts of up to 5 billion euros ($7.3 billion) by 2010. EDF has said that it is initiating a process to evaluate "ownership options" for its electricity distribution business in the U.K. The company is the biggest electricity distribution network operator in the country, with a grid serving 15 million people living in London and southeastern and eastern England. The sale is expected to draw significant interest from buyers as the area served by the grid, which includes the country's main airports, utility companies and travel networks, is responsible for 40% of the nation's GDP. A sale is expected to be concluded by next March.

Other companies featured: Constellation Energy Group Incorporated (NYSE:CEG), Centrica plc (PINKSHEETS:CPYYY), Deutsche Bank AG (NYSE:DB), Morgan Stanley (NYSE:MS), National Grid plc (NYSE:NGG)

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