The AMF examines the financial information provided by the electric utility market since 2013. The subjects of “major overhaul” and EPR Hinkley Point is a central concern. The EDF headquarters in Paris was raided Thursday by the financial markets Authority (AMF), according to a source familiar with the matter. The announcement confirmed a report in the World published on Thursday afternoon. According to the newspaper, several AMF investigators have asked to meet Pierre Todorov, Secretary General of the group, and would be seen release documents.
Archy World News 21st July 2016 read more »
[Machine Translation] The bad news is not completed for EDF. The group, whose incessantly expected shortly the final investment decision on the Hinkley Point C project, announced yesterday that its nuclear production will be lower than expected this year, especially given the new requirements of the Nuclear Safety Authority . The aim EBITDA was however confirmed because the group can count on the tariff readjustment which he is entitled. The announcement also shows that the energy company has only limited control of the prospects of its nuclear fleet. The additional tests requested by the ASN will increase the dwell time of 18 of the 58 reactors. It also raises uncertainty about the impact of these measures beyond 2016, as emphasized Farman Ahmed, Jefferies. It is difficult to address the problems of 18 reactors in six months, he said in a note to clients. The analyst remains cautious on the issue, on which it is to “underperformance” with a recovery to 7.50 euros, the lowest in the square. The results will start to come under increased pressure because of the rapid increase in exposure to low wholesale prices and the proliferation of nuclear issues, he says.
Boursier 20th July 2016 read more »