British Energy have replaced their chief executive with a non-executive who has experience of running a nuclear power plant in the US. There are also rumours (though apparently unforunded) according to the Chairman, that British Energy is looking to expand its existing nuclear portfolio. Perhaps the reason why British Energy got into so much difficulty is that they were massively long when the price was falling. Credit demands were made and eventually their cash flow could no longer cope. Now that the price has risen and to some extent BE are still long they have saved the situation, but they have in the process has revalue their shares take a government loan of £800m and players are cautious as to extending large amounts of credit. Coupled with the fact that they are still long, when they do come to the market, they have to be very careful not to allow others to front run their positions.