(DRX.L) Drax Group PLC Buy/Sell

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(AFX UK Focus) 2009-11-05 07:32 BRIEF-Centrica and Drax in power supply deal
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LONDON, Nov 5 (Reuters) - Centrica Plc: AGREES DEAL WITH DRAX TO WHICH WILL PROVIDE CENTRICA WITH ACCESS TO AN ADDITIONAL 300MW OF BASELOAD POWER SAYS THE AGREEMENT WILL RUN FOR A FIVE YEAR PERIOD FROM OCTOBER 2010 DRAX WILL SUPPLY POWER TO CENTRICA AT A PRICE SET WITH REFERENCE TO INTERNATIOANL COAL PRICES AND AGREED SPREADS DEAL WILL REDUCE CENTRICA'S EXPOSURE TO UK GAS PRICES IN UK. ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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