French Cold Snap Heralds ‘Season to Watch’ for EDF
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A cold snap in France over the next week will test Electricite de France SA’s pledge to increase production at nuclear reactors and cut reliance on imported power this winter.
Chief Executive Officer Henri Proglio is working to raise output after strikes and repairs pushed generation to a 10-year low in 2009. The Paris-based utility said last week that output improvements in 2010 would be at the lower end of a target range. Temperatures as much as six degrees below average are forecast for the end of this week.