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EDF Nuclear Deal in U.K. May Take ‘A Few Months’

The U.K. may take "a few months" to agree the price that Electricite de France SA will get for power from Britain’s first new nuclear power station in two decades, Energy Secretary Ed Davey suggested.

The government has been in talks for months with EDF to agree a so-called strike price the French utility will get for power from a planned plant at Hinkley Point in southwest England. Davey told Parliament’s multi-party Energy and Climate Change Committee he won’t sign a contract with EDF unless it represents "value for money" for consumers.