Centrica welcomes announcement on Rough gas storag
Centrica welcomes announcement on Rough gas storage facility
LONDON--(BUSINESS WIRE)--Aug 01, 2003--
Centrica welcomes today's announcement by the Secretary of State that
it will be allowed to retain the Rough gas storage facility subject to
agreement of undertakings.
Chief Executive Sir Roy Gardner said 'We have always believed that
appropriate undertakings could be agreed to overcome any competition
concerns. We are pleased that the Commission has also come to this
view, ending the uncertainty for our customers, our shareholders and
the staff who work on the facility. We are comfortable with the
remedies recommended and look forward to working with the OFT and
Ofgem to implement them.'
Enquiries:
Centrica investor relations 01753 494900
Centrica media relations 01753 494085
Short Name: Amvescap PLC
Category Code: DCC
Sequence Number: 00007900
Time of Receipt (offset from UTC): 20030801T130135+0100
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