Key Developments: Electricite de France SA (EDF.PA)

EDF.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EDF chairman and chief executive Henri Proglio investigated by Paris public prosecutor-Le Point.fr
Saturday, 7 Jun 2014 08:00pm EDT 

EDF SA:Paris public prosecutor opens preliminary investigation into alleged 'trading in influence' by EDF's chairman and chief executive Henri Proglio-Le Point.fr.Proglio is suspected of having 'sponsored' his wife, comedian Rachida Khalil, using EDF's money.France's Central Office for the Fight against Corruption says it is investigating cash flows which lead to Lebanon via Luxembourg and Switzerland.  Full Article

EDF to distribute FY 2013 final dividend
Tuesday, 27 May 2014 08:00pm EDT 

EDF SA:Proceeds to FY 2013 final cash dividend distribution of 0.68 euro gross per share.Record date June 5.Ex-dividend date June 3.Payment date June 6.Paying agency BNP PARIBAS SECURITIES SERVICES.  Full Article

EDF to build and operate JV power plant in China
Friday, 18 Apr 2014 02:48am EDT 

EDF SA:Signs joint venture agreement with electricity producer China Datang Corporation (CDT) for 49 pct stake in Datang International Fuzhou Power Generation Company Ltd (FPC).Joint venture is set to build and operate ultra-supercritical coal-fired power plant with two units with output of 1,000 MW each.Construction works already started on Fuzhou site in Jiangxi province in South-Eastern China.Commissioning of Fuzhou plant scheduled for 2016.  Full Article

EDF to propose share repurchase program
Thursday, 17 Apr 2014 08:00pm EDT 

EDF SA:To propose terms of share repurchase program to annual general meeting.Program would authorize repurchase of up to 10 pct of capital.Maximum price per share 45 euros.Total maximum that could be spent 2 billion euros.Authorization valid for 18 months.  Full Article

EDF SA acquires Petrobras' 10 pct. remaining stake in Usina Termoelétrica Norte Fluminense
Saturday, 12 Apr 2014 02:55am EDT 

EDF SA:Completes acquisition of 10 pct. remaining stake owned by Petróleo Brasileiro S.A. (Petrobras) in Usina Termoelétrica Norte Fluminense S.A. (NTF) and now has full ownership of the company.There are no pending approvals from Brazilian Antitrust Authorities or by the Brazilian Electricity Regulatory Agency (ANEEL).  Full Article

EDF SA and Exelon finalize agreement on CENG
Tuesday, 1 Apr 2014 12:10pm EDT 

Electricite de France SA:Finalizes transaction regarding Constellation Energy Nuclear Group (CENG) after approval of U.S. Nuclear Regulatory Commission (NRC).Transaction terms set in agreement with Exelon dated July 29, 2013.Delegates to Exelon, U.S. nuclear operator, operational management of five nuclear reactors owned by CENG (spread across three sites in United States and representing total output of 4.2 GW).Special dividend of $400 million (about 300 million euros) paid by CENG to EDF, financed by Exelon.EDF granted option to sell its holding in CENG to Exelon at market value between Jan. 2016 and June 2022.EDF continues to hold 49.99 pct of CENG, whilst Exelon holds 50.01 pct.CENG Board of Directors continues to comprise equal numbers of Exelon and EDF board members.  Full Article

Electricite de France extends series of existing agreements with Chinese energy firms
Thursday, 27 Mar 2014 01:33pm EDT 

Electricite de France SA:Signs agreement with China Datang Corporation (CDT) whereby they renew their willingness to identify joint thermal power projects in China and internationally, following agreement of April 2013.Signs global partnership agreement in the nuclear field with China General Nuclear Corporation (CGN).EDF and CGN are set to continue their cooperation across operation and maintenance, engineering, research & development.EDF and CGN sign protocol to foster industrial cooperation between EDF and its Chinese partners on British nuclear market.EDF and CNNC have agreed to reinforce their cooperation in nuclear energy, especially regarding engineering, operation and maintenance.  Full Article

Electricite de France and Veolia Environnement sign agreement on Dalkia
Tuesday, 25 Mar 2014 04:04pm EDT 

Electricite de France SA:Finalizes discussions with Veolia Environnement VE SA, initiated in Oct. 2013, on their joint subsidiary Dalkia, provider of energy services.Signed agreement follows completion of employee representatives consultation process and approval of both companies' boards of directors.Transaction to result in acquisition by EDF of all Dalkia group's activities in France.Dalkia International's activities to be taken over by Veolia Environnement.Completion of transaction subject to approval of relevant competition authorities.  Full Article

Electricite de France SA's EDF Energies Nouvelles starts its first solar projects in India
Wednesday, 12 Mar 2014 08:00pm EDT 

Electricite de France SA:EDF Energies Nouvelles commissions first solar energy project of 30 MW in Madhya Pradesh Indian state.To develop five additional solar projects in Rajasthan with capacity totaling 120 MW.Says it won in call for tenders launched by Indian government.  Full Article

Electricite de France SA opens final regional base for French Nuclear Rapid Action Force
Monday, 10 Mar 2014 08:00pm EDT 

Electricite de France SA:Opens fourth (and final) regional base for Nuclear Rapid Action Force (FARN) at Bugey in France.FARN is tasked with providing emergency support – in terms of personnel and equipment –at any nuclear power plant in France within 24 hours.  Full Article

French state wants more say in Areva with new executive board

PARIS - State-owned French nuclear power engineering group Areva is to get a new board of directors and a chief executive, replacing the current supervisory board and executive management committee to give the government more say in the firm.

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