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French nuclear utility deep in debt

EDF confronts $34.2 billion debt pile

Troubled French utility, Electricite de France, which acquired half of U.S. utility, Constellation Energy, in December, has already offloaded part of its ownership of British Energy, which it also acquired last year. EDF is staggering under a $34.2 billion debt pile and has sold 20% of British Energy – the British nuclear operator – to Centrica. EDF will also try to raise $1.4 billion through retail bonds. For more on EDF’s financial struggles, read here and here. Furthermore, new nuclear build in the UK may be in jeopardy as EDF is demanding government subsidies there to go forward. Read more here.

http://www.beyondnuclear.org/

May 30, 2009 - Posted by | business and costs, France | , ,

1 Comment »

  1. Good to hear. Atomic power is turbo destruction of money.
    EdF (and Areva) are also the big atomic scandal producer:

    September 9, 2008:
    According to Eléctricité de France (EdF) – web two workes noticed that two fuel assemblies had “unnormal positions”. So the work was stopped and the reactor was evacuated and the building was closed. It is the 10th atomic accident in Europe in only two months.

    July 24, 2008:
    100 workers were contaminated with cobalt-58. Source
    EdF says, the dose was below the limit, so the workers returned home without treatment. Also ASN web said, this accident was category 0 (range 0 – 7). EdF calls the accident irrelevant. Is this what you like to hear when you’re contaminated with radiation? Yes? So, is everything ok?

    October 29, 2007
    Strassburg (Oct. 27th 2007).
    A worker of the French atomic power plant “Fessenheim” (Location: Alsace) was contaminated with radiation. According to a weekly published information paper the dose was one one-hundred below the yearly legal maximum limit. The man now works again.

    July 8, 2008:
    30 cubic meters of Uranium solution leaked into the canalisation and into the ground, from the French facility for atomic reclaiming Tricastin – the operator of this facility is AREVA.

    July 18, 2008:
    France, July 18th 2008: For the second time in only one month, Uranium leaked out of a French atomic power plant.

    T.

    Mikkai's avatar Comment by tekknorg | May 31, 2009 | Reply


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