Electricite de France SA (EDF.PA)
17 Jul 2019
Wed, Jul 17 2019
PARIS French utility EDF will need several months to analyse and work out how to fix faulty weldings at its under construction Flamanville 3 nuclear reactor before communicating costs and a possible start-up date.
PARIS The French government has requested an independent audit of EDF's Flamanville nuclear plant, which faces new cost overruns and delays of up to three years after a regulator ordered repairs last month.
PARIS French energy regulator CRE said in a statement it had proposed a 1.23% increase in state-controlled utility EDF's regulated electricity tariffs from Aug 1 in order to reflect higher power grid costs.
SAINT-PAUL-TROIS-CHÂTEAUX, France French state-controlled utility EDF has started a 250 million euro (224 million pounds) maintenance and upgrade works at its 900 megawatt Tricastin 1 nuclear reactor that could enable it operate for another ten years.
PARIS, June 21 ** French utility EDF shares were down 3% at midday on Friday after falling 3.4% on Thursday, hitting a 12-month low after regulator ASN ruled on Thursday that EDF would have to proceed with costly repairs of eight key weldings at the nuclear reactor it is building in Flamanville. ** Two-day loss of 5.7 percent amounts to more than two billion euros loss in market capitalisation, which corresponds to some estimates about how much the delay will cost EDF. ** Market face
PARIS, June 20 French state-owned power company EDF said it was reviewing the possible impact on costs and timelines from a decision this week by the country's regulator that EDF had to fix weldings on its Flamanville nuclear reactor.
PARIS French utility EDF's CEO Jean-Bernard Levy said on Tuesday that repairing certain weldings on the nuclear reactor it is building in Flamanville France will cause delays.
* Winning tariff well below 50 euros/MWh - ministry (Adds EDF statement, CEO quote, background)
* REG-EDF : EDF IS ANNOUNCING THE COMPLETION OF THE DISPOSAL OF ITS 25% STAKE IN ALPIQ Source text for Eikon: Further company coverage: (Gdynia Newsroom)
PARIS, May 23 France should double the amount of nuclear energy that state-controlled utility EDF must sell to rivals at a fixed price to protect consumers from higher prices, alternative suppliers and consumer lobbies said on Thursday.