U.K. Risks Looking ‘Economically Insane’ on EDF Nuclear Deal

The U.K. committed to the world’s costliest power station when it agreed with Electricite de France SA to build the first new nuclear reactors in the country since 1995, according to Liberum Capital Ltd.

“We are flabbergasted that the U.K. government has committed future generations of consumers to the costs that will flow from this deal,” said Peter Atherton, a utilities analyst at Liberum. “Based on the disclosure so far this looks likely to be an outstanding deal for EDF and its partners.”