EDF Doesn’t Have U.K. ‘Over a Barrel’ on Nuclear, Minister Says

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Electricite de France SA doesn’t have Britain “over a barrel” in a deal to build the country’s first new nuclear plant in almost two decades, a minister said.

“We would like to do the deal with EDF but we are not going to do it at any price,” Energy Minister Michael Fallon said in an interview in “The House” magazine, which is distributed to lawmakers. “It’s a very complex negotiation and we are inching closer but we are not quite there yet.”