British Energy Wins Deadline Extension; Completion Date for Overhaul Is Put Back to March 31

Summary

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TROUBLED nuclear power generator British Energy has secured permission to postpone a deadline for its life-saving restructuring to March as it fights objections to a (pounds) 1bn rescue deal.

The East Kilbride-based group said yesterday its creditors had agreed in principle to put the final day for the completion of the proposed debt-for-equity swap back from January to March 31.

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Extract

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British Energy Wins Deadline Extension; Completion Date for Overhaul Is Put Back to March 31

The agreement came just a week after British Energy revealed it may have to review its timings due to delays restarting pla...

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