We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

More heat than light

20 May 2010 By Neil Collins

The UK energy distributor is generating cash, cutting debt and raising the dividend. It is also tapping shareholders for 3.2 billion pounds. The company has ambitious spending plans, which it describes as lowrisk and sustainable. But it’s not obvious why it needs more equity.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)