EDF CEO Sees No Sign of Quick EU Nod on French State Aid
- Commission wants to ensure reforms won’t hurt competition
- EDF is seeking higher nuclear revenue to invest in renewables
An EDF power plant in Bugey, France.
Photographer: Balint PornecziThis article is for subscribers only.
Electricite de France SA’s head said there’s no sign of a quick agreement between France and the European Commission on a reorganization of the debt-laden utility that would help shore up its finances.
“These discussions are extremely difficult,” Chief Executive Officer Jean-Bernard Levy said at the company’s annual shareholders meeting Thursday. “There’s no reason to think that discussions can rapidly succeed; there’s also no reason to think that they might not succeed.”