EDF Nuclear Costs Seen Jumping With Investments in Safety

Electricite de France SA’s costs to produce atomic power are spiraling upward as investment needed to keep aging reactors safe over the next two decades could reach 90 billion euros ($123 billion), the state auditor said.

“Production costs from the existing fleet are heading higher over the medium-term,” France’s Cour des Comptes said in a report to parliament published today. They already increased 21 percent over the past three years.