How Long to Read The sale of the government's interest in British Energy

How Long Does it Take to Read The sale of the government's interest in British Energy?

It takes the average reader and 40 minutes to read The sale of the government's interest in British Energy by Great Britain: National Audit Office

Assuming a reading speed of 250 words per minute. Learn more

Description

British Energy was the largest independent energy generator in the UK and owner of sites viewed by industry as the most suitable for new nuclear power stations. The Government sold its 36 per cent interest in the company to EDF Energy for £4.4 billion in January 2009. The final cash offer from EDF was 774 pence per share - 10 per cent higher than the valuation by the Shareholder Executive, the Government agency that managed the sale. Movement in energy prices after completion of the sale show that EDF put forward its offer when energy prices were at a peak. The Government's primary strategic objective for the sale was to ensure nuclear operators are able to build and operate new nuclear stations from the earliest date with no public subsidy. There was no binding commitment to build new nuclear power stations as a condition of the sale so it is too early to say whether the sale will enable the Government to achieve its strategic objective. But EDF's acquisition of British Energy has improved the prospect of investment in new nuclear power stations. While the Government no longer has a direct financial interest in British Energy, it remains responsible for funding any shortfall in the future cost of decommissioning British Energy's existing nuclear power stations. The Shareholder Executive did not carry out a formal assessment of the impact of the sale on the risks that taxpayers might have to bear if, for example, the new owner operated British Energy's power stations in a way that required earlier decommissioning.

How long is The sale of the government's interest in British Energy?

The sale of the government's interest in British Energy by Great Britain: National Audit Office is 40 pages long, and a total of 10,000 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read The sale of the government's interest in British Energy Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 54 minutes to read The sale of the government's interest in British Energy aloud.

What Reading Level is The sale of the government's interest in British Energy?

The sale of the government's interest in British Energy is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The sale of the government's interest in British Energy?

The sale of the government's interest in British Energy by Great Britain: National Audit Office is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy The sale of the government's interest in British Energy by Great Britain: National Audit Office on Amazon click the button below.