nuclear-news

France’s EDF takes share loss, with cancellation of USA project

EDF shares fall on nuclear news The Daily Record, , October 11, 2010By Associated Press PARIS — Shares in Electricite de France SA slid Monday after the French state-owned utility’s U.S. partner, Constellation Energy Group, pulled out of a project to build the first of a new generation of nuclear power plants in Maryland.

The announcement dealt a serious setback to EDF’s ambitions to lead a nuclear renaissance in the United States. The company is the world’s largest electric power producer.EDF shares slipped as much as 1.5 percent in early trading and midafternoon were down 1.1 percent at $43.43 on the Paris stock exchange — and were the biggest loser on the benchmark CAC-40 index.
An EDF spokeswoman said the future of the multibillion-dollar Calvert Cliffs 3 plant project is unclear after Baltimore-based Constellation said it would drop out over risks linked to the high cost of a $7.5 billion loan guarantee… » EDF shares fall on nuclear news

October 12, 2010 - Posted by Christina Macpherson | business and costs, France | antinuclear, nuclear costs, reactors