BNFL announcement expected in days, sources say

["Sandy Perle" <sandyfl@earthlink.net>]

Tuesday July 13, 4:19 am Eastern Time

BNFL announcement expected in days, sources say

LONDON, July 13 (Reuters) - Britain is expected to make an 
announcement on the future of its state-owned nuclear reprocessing 
and power generation company British Nuclear Fuels within days, 
government sources said on Tuesday.  

``I would keep a close eye out for it over the next few days,'' one 
source told Reuters.

A report by consultants KPMG went to the government in May outlining 
a range of options for BNFL -- from maintaining the status quo to 
full privatisation.  

Industry sources say partial privatisation is the most likely route 
forward. Two weeks ago, the government said it was still reviewing 
the case.  

Tuesday's Independent newspaper reported that Trade and Industry 
Secretary Stephen Byers would announce the sale of up to 49 percent 
of BNFL in parliament today.  

A spokesman at the Department of Trade and Industry described the 
report as speculation.

Parliament breaks for its summer recess in two weeks.

Sandy Perle
E-Mail: sandyfl@earthlink.net 
Personal Website: http://www.geocities.com/capecanaveral/1205

"The object of opening the mind, as of opening 
the mouth, is to close it again on something solid"
              - G. K. Chesterton -
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