Hints and tips:
...National Grid’s John Pettigrew, Chris O’Shea of Centrica and ScottishPower head Keith Anderson were among chief executives who met Kwarteng, according to people close to the talks....
...“Where we have got it wrong, we will fix it,” O’Shea said....
...Kirkland & Ellis has hired senior private equity partners Ian Barratt and Sinead O’Shea from Simpson Thacher & Bartlett in London, per Financial News....
...The third-party contractor had “let us down”, O’Shea said, but he conceded that he was ultimately accountable....
...“We won’t be able to expand the capacity for next winter,” O’Shea said....
...Shea....
...O’Shea conceded that on a cold day the facility might be able to meet less demand....
...Chris O’Shea, the chief executive of British Gas owner Centrica, has said he believes many rival suppliers are “struggling for cash” and could go bust in a repeat of the market turmoil of 2021, which saw...
...Chief executive Chris O’Shea last year waived a £1.1mn bonus to which he was entitled for 2021, given that households were facing sharp rises in their energy bills....
...“We need more battery storage and we need more gas storage,” said Chris O’Shea, Centrica’s chief executive, on a visit to Easington this week....
...Chris O’Shea, chief executive of British Gas owner Centrica, said that the company would suspend the practice and apologised for what it described as “deeply disturbing” allegations....
...Octopus was launched in 2016 by the technology entrepreneur Greg Jackson to break up the might of the “legacy” suppliers such as Centrica, which is led by Chris O’Shea, who has previously held senior roles...
...However, O’Shea hasn’t so far “been very clear about what the opportunities for investment could be”, she added....
...O’Shea this year waived a £1.1mn bonus payment....
...One person familiar with the situation said Centrica’s approach reflected chief executive Chris O’Shea’s “conservative” approach to managing balance sheets....
...Shea added....
...O’Shea also faces a conundrum over when to reinstate Centrica’s dividend, suspended during the first wave of the coronavirus pandemic in 2020....
...Centrica’s chief executive Chris O’Shea said the agreement with Equinor should “ease the pressure and provide some more certainty ahead of what may be a difficult winter” for the UK....
...Centrica’s chief executive Chris O’Shea said his company at present held £294mn of customer money in a separate bank account....
...“There is absolutely no excuse for taking customers’ money upfront and not keeping it safely to one side,” said Centrica’s chief executive, Chris O’Shea, in response....
...O’Shea told the Financial Times there would need to be a “root and branch review” of the regulation of the British energy supply market....
...Centrica chief executive Chris O’Shea said on Tuesday his company intended to exit its gas supply agreements with Russian counterparts, principally Gazprom, “as a matter of urgency” and was “working through...
...Chris O’Shea, chief executive of British Gas-owner Centrica, one of the biggest suppliers, said Ofgem’s reforms were “a first step”....
...“The sooner these requirements come in the better,” said O’Shea Overall, Centrica said its first-half performance was “broadly as we expected”....
...Chis O’Shea, the chief executive of Centrica, which owns British Gas, warned in July that he suspected some suppliers “must be trading whilst insolvent” and were using customers’ funds to meet other financial...
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