Centrica plc·Utilities
Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Energy Marketing & Trading, and Upstream segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from nuclear assets. The company also provides installation, repair, and maintenance services for domestic central heating, plumbing and drains, home electrical, and gas and kitchen appliances; and heating, ventilation, and air conditioning equipment, as well as offers breakdown services. In addition, it is involved in the procurement, trading, and optimization of energy; procurement and sale of LNG; and supplies energy efficiency solutions and technologies to residential customers. Further, the company produces and processes gas and oil; develops new fields to maintain reserves; constructs, owns, and exploits infrastructure; and engages in the social enterprise investment fund activities. Additionally, it provides vehicle leasing, commercial, and insurance services, as well as energy management products and services; and operates a gas storage and franchise network. The company was formerly known as Yieldtop plc and changed its name to Centrica plc in December 1996. Centrica plc was founded in 1812 and is based in Windsor, the United Kingdom.
Utilities
Independent Power Producers
21,038
2007-10-04
0.36
Market Peers







JP Morgan has reiterated 'overweight' ratings on SSE PLC (LSE:SSE) and Centrica PLC (LSE:CNA), arguing that the effects of the Middle East conflict will continue to support European power prices and that utility stocks are well placed to benefit. The bank named SSE as one of its top picks in European utilities alongside Germany's RWE, noting that both offer double-digit earnings per share growth rates above the sector average.

British Gas owner Centrica has agreed to pay 20 million pounds ($26.69 million) into a redress fund after investigators found the utility installed prepayment meters in the homes of vulnerable customers without their consent, regulator Ofgem said.

Here is how Centrica PLC (CPYYY) and MYR Group (MYRG) have performed compared to their sector so far this year.

British Gas owner Centrica PLC (LSE:CNA) has completed the £370 million acquisition of a gas-fired power station in south Wales, as it flagged strong infrastructure earnings but weaker retail performance in its latest trading update. The FTSE 100 energy supplier said the 850MW Severn power plant lifts its power portfolio to 4GW, including assets in development.

Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) shares rose 2.6% to 640p on Thursday, extending a remarkable run that has seen the Horsham-based clean energy technology developer's stock more than double in the past month, valuing the company at £1.24 billion. The immediate catalyst was the announcement of an infrastructure partnership between Delta Electronics and Centrica, targeting the data centre market and energy-intensive industries across the UK and Europe, with solid oxide fuel cells (SOFCs) providing off-grid energy generation.

Centrica (CPYYY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).