Wednesday, November 7, 2018

Is Belgium Going To Have Power Outages This Winter Or Not?

The thought of Brussels going dark elicits mixed emotions, to say the least.
The warnings have been out there for months, the Belgian government even has a rolling blackout plan in place but the utility is definitely waffling on whether it will be able to deliver.

Here's the FT's David Keohane with a story that, although focused on Engies's finances, offers the latest hints from the company that the answer to the headline question is yes, there will be outages.

Engie earnings hinge on Belgian nuclear restart
France’s Engie confirmed its full-year guidance on Wednesday but warned that it would depend on a scheduled restart of its troubled Belgian nuclear reactors.

The energy group reported flat numbers as “major unplanned maintenance on nuclear units in Belgium” held back Engie’s results for the first nine months of the year....
...Engie confirmed its 2018 earnings target but warned that they were “based notably on the assumption of a [currently scheduled] restart of Belgian nuclear units.”....
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