Price Cap Plan Wipes More Than 1 Billion Pounds Off Uk Energy Firms

The agency said in a statement Wednesday that British officials were ready to provide assistance to the man. Officials would not provide details about the man, who is believed to be in his 30s. They also would not say whether he was linked to the mall attack. Indian gurus arrest on sex charges divides nation Rama Lakshmi The arrest of Asaram Bapu, who runs a massive network of 20 million followers, has split and stunned India. Stephanie McCrummen Egyptian ministers statement suggests internal government divisions. Britains Daily Mail newspaper said the man was arrested Monday as he tried to board a flight from Nairobi to Turkey. The newspaper said his face was bruised and he was acting suspiciously. A Kenyan official has said the terrorists who took over the mall included a British woman and several Americans but have provided no further details. Some people who survived the mall siege have told journalists that a few of the attackers managed to leave the scene in the early minutes of the assault. Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

NAIROBI, KENYA, - SEPTEMBER 25:  Relatives carry a coffin during a funeral procession for Selima Merali (41) and her daughter Nuriana Merali (15), who were killed in the attack by gunmen at the Westgate Shopping Centre, on September 25, 2013 in Nairobi, Kenya. The country is observing three days of national mourning as security forces begin the task of clearing and securing the Westgate shopping mall following a four-day siege by militants.  (Photo by Uriel Sinai/Getty Images)

The leader of Britain’s opposition Labour party, Ed Miliband, listens during the Labour party’s annual conference in Brighton Southern England September 25, 2013. Credit: Reuters/Luke MacGregor LONDON | Wed Sep 25, 2013 2:01pm BST LONDON (Reuters) – More than 1 billion pounds was wiped off the value of Britain’s two biggest listed utilities on Wednesday as the industry recoiled from a plan by opposition Labour leader Ed Miliband to freeze energy prices if elected in 2015. Though likely to be popular with voters who have been hit in recent years by rising energy costs, the plan has placed Labour on a collision course with the energy companies who say they need to charge higher prices to invest in infrastructure. The plan, which would involve capping business and consumer energy bills until January 2017, was slammed by the companies who would be on the hook to foot the 4.5 billion pound bill ($7.2 billion) for the plan. “The impact of such a policy would be damaging for the country’s long term prosperity and for our customers,” Centrica, with a market valuation of 20 billion pounds ($32 billion), said in a statement. “If prices were to be controlled against a background of rising costs it would simply not be economically viable for Centrica, or indeed any other energy supplier, to continue to operate and far less to meet the sizeable investment challenge that the industry is facing.” Miliband appeared on British television and radio early on Wednesday in an effort to defend his policy, the viability of which was questioned by analysts. “The fundamental problem at the heart of this market is that when wholesale prices go up people pay more and when wholesale prices come down, people still end up paying more,” he told BBC Radio. The issue of energy bills is likely to escalate as the groups tend to announce retail price rises in mid October, a move which historically attracts criticism from the media and charities who warn that many Britons can no longer afford to pay such high prices. Utilities blame the price rises on the need to upgrade the energy network and government schemes to reduce carbon emissions and improve energy efficiency, plus rising wholesale prices. Looming in the future is also the need to invest in new electricity generation. “Our initial view is that these (Miliband’s) proposals would be so detrimental to investment in UK energy infrastructure, that they are unlikely to ever become legislation,” JP Morgan Cazenove analysts said. ($1 = 0.6256 British pounds)

UK coaches find more options as freshman Hatcher proves quick study

“They had five down lineman the whole game and we weren’t expecting that.” Hatcher, who has had at least one tackle in each game this season, had a season-best four stops against Louisville. The former Trinity star, ranked the eighth-best defensive end in the country by Rivals.com, could see his role expand even more this week when Kentucky faces No. 20 Florida and quarterback Tyler Murphy. It will be the junior quarterback’s first career start and it will be on the road in the Southeastern Conference. He subbed in for Jeff Driskel after the starter broke his leg against Tennessee on Saturday. Don’t be surprised to see UK throw some surprises like that alignment at Murphy, especially early. “We need to continue to build … and do some different things,” UK Coach Mark Stoops said. “We have a lot of respect for them. They’re a good, well-coached team. Very physical team. And so we’re always trying to be creative and find new ways to mix it up.” Coaches had this creation in mind when they were recruiting Hatcher away from Southern California near the end of his senior season, in which he had 37 tackles, 13.5 quarterback sacks and four other tackles for loss. But learning to stand up after playing four years of high school as a true defensive end was a challenge for Hatcher, as it is for any player, Dupree said. “Jason never stood up before, so I had to just show him techniques about standing up,” Dupree said. “I pretty much had to show him a lot of things, how to read the tackle when he was standing up because it’s different from being down, and how to read pass and run.