Centrica says two nuclear power stations get life extensions

(Sharecast News) - Centrica said two UK nuclear power stations in which it has a 20% share had been given life extensions of a year. Heysham 1 and Hartlepool are now expected to generate electricity until March 2028, one year later than previously expected. The British Gas owner added that there was no change at the moment to the expected March 2030 closure date of Heysham 2 and Torness, announced last December.

The total life extensions announced since December 2024 are projected to add approximately 12 terawatt hours (TWh) to the company's electricity generation volumes between 2026 and 2030, with 3 TWh attributable to the extensions, Centrica said.

It recently announced strategic investment in the UK's nuclear infrastructure by acquiring a 15% equity stake in Sizewell C, a new 3.2GW nuclear power station under construction in Suffolk, in the South East of the UK, with committed construction funding of £1.3bn.

Reporting by Frank Prenesti for Sharecast.com