PARIS (Standard&Poor's) Nov. 20, 2001--Standard&Poor's took several rating actions today following the announcement by London Electricity Group PLC that it has signed an agreement with TXU Europe Ltd. (BBB+/Stable/--) to acquire U.K. electricity distribution business Eastern Electricity PLC, TXU Europe's stake in the contracting business 24seven, and its West Burton power station in Nottinghamshire: -- Affirmed all its single-'A'-plus long-term and 'A-1' short-term ratings on London Electricity Group Holdings PLC and related entities (LE Group). The outlook on all entities remains stable. -- Affirmed its double-'A'-plus long-term and 'A-1'-plus short-term ratings on Electricité de France (EDF), the 100% owner of LE Group. The outlook remains negative. -- Placed on CreditWatch with positive implications its triple-'B'-plus long-term
