Centrica plc (LSE:CNA) confirmed that the Heysham 1 and Hartlepool nuclear power stations in the UK have been approved for a one-year life extension, allowing operations to continue until March 2028. Centrica holds a 20% stake in both facilities, with EDF owning the remaining 80%.
The extensions are expected to generate approximately 3 terawatt-hours of additional electricity. The decision followed a licensee board review on 1 September, which considered the 2025 inspection results of the graphite cores, supporting continued operation. Heysham 1, located in Lancashire, has a capacity of 1.1 GW, while Hartlepool in County Durham can produce 1.2 GW, forming part of Centrica’s nuclear energy portfolio in the UK.
Jefferies described the development as a modest positive for Centrica’s stock, projecting a potential 1–2% uplift in market capitalization. The brokerage maintains a “buy” rating with a price target of 200p, following the shares’ close at 159.60p. Centrica’s market value currently stands at £9.2 billion.
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