Acquisition of Bord Gis Energys Irish supply business 25 March 2014
Transaction overview Acquisition of Bord Gis Energy (BGE), in partnership with Brookfield Renewables and iCON Infrastructure Centrica to acquire the energy supply business, the Bord Gis brand name and the Whitegate gas-fired power…
BGE energy supply business 650,000 residential gas and electricity accounts and 30,000 B2B accounts Residential energy market share 1 Incumbent position in residential gas supply Gas Electricity gas supply market expected to…
Whitegate gas-fired power station Provides vertical integration to the energy supply business 445MW capacity, commissioned in December 2010 Efficient and flexible generation asset 57% thermal efficiency, 68% load factor in 2013…
Attractive financial returns Attractive opportunity to deliver value and growth expected to contribute around 40 million EBITDA in 2015 expected to be earnings accretive in first year of ownership; adding around 0.3p-0.4p of EPS in…
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