Groundhog day

British Energy

britishenergy-dolan-gif

For a government to bungle the rescue of one privatised company might seem like bad luck. To do it a second time just over a year later smacks of sheer carelessness at best, rank incompetence at worst. That, at least, is what some bondholders, still licking their wounds after the 2001 Railtrack fiasco, think about the downfall of British Energy and the British government’s involvement in it.

At the end of November, British Energy unveiled a series of debt restructuring proposals approved by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: