Edition:
United States

Electricite de France SA (EDF.PA)

EDF.PA on Paris Stock Exchange

10.75EUR
9 Dec 2016
Change (% chg)

€0.05 (+0.51%)
Prev Close
€10.69
Open
€10.69
Day's High
€10.80
Day's Low
€10.61
Volume
1,518,324
Avg. Vol
1,707,409
52-wk High
€14.09
52-wk Low
€9.13

Latest Key Developments (Source: Significant Developments)

French nuclear safety body says more tests needed on 3 EDF reactors
Monday, 5 Dec 2016 09:46am EST 

French nuclear safety institute IRSN: Says tests showed no risk of rupture of steam generators on EDF's 900-megawatt reactors except for Bugey 4, Fessenheim 1 and Tricastin 4 . Says EDF still has to complete and submit tests on Bugey 4, Fessenheim 1 and Tricastin 4 Further company coverage: [EDF.PA] (Reporting by Bate Felix, editing by Gus Trompiz) ((gus.trompiz@reuters.com;)).  Full Article

Gamesa secures orders for 115 MW in Chile's wind farm market
Friday, 2 Dec 2016 02:44am EST 

Gamesa SA : Says recently signed a contract with EDF EN Chile and Ibereolica to supply 115 MW at a wind development in Atacama region .To supply, install and commission 55 of its G114-2.1 turbines by the end of first semester of 2017.  Full Article

Edf says will update its 2017 nuclear output target early next year
Tuesday, 8 Nov 2016 12:41pm EST 

Electricite De France Sa : .Edf says will adjust its 2017 nuclear output target early next year.  Full Article

EDF says expects asn answer on Flamanville in H1 2017
Tuesday, 8 Nov 2016 12:30pm EST 

Electricite De France Sa : EDF head of nuclear and thermal Dominique Miniere said on a call with analysts that EDF expects to send its dossier about anomalies in the Flamanville reactor vessel to the ASN regulator by end Nov-early Dec. . EDF expects the ASN's answer in the first half of next year and is confident that ASN will give its approval. Further company coverage: [EDF.PA] (Paris newsroom, paris.equities@thomsonreuters.com email; +33 1 4949 5452).  Full Article

EDF Group: pushes back restart of 5 reactors, revises nuclear output and EBITDA targets
Thursday, 3 Nov 2016 03:00pm EDT 

Electricite De France Group says submitted on 7 October 2016 a technical report to the French Safety Authority (ASN). In the light of the exchanges with the ASN on this issue: EDF says restart of 5 reactors – Bugey 4, Gravelines 2, and Tricastin 1, 3 and 4 – pushed back to the end of December 2016 . EDF says as a consequence revises 2016 nuclear output target from 380-390 Twh to 378-385 Twh . EDF group says therefore adjusts its 2016 EBITDA target from €16.3-16.6 billion to €16.0-16.3 billion (Reporting by Ingrid Melander) ((ingrid.melander@thomsonreuters.com;)).  Full Article

EDF in exclusive talks to sell EDF Polska's assets
Wednesday, 26 Oct 2016 02:21am EDT 

EDF statement: EDF says in exclusive negotiations for sale of EDF Polska's assets . Following an open and competitive process, EDF announces it entered into exclusive negotiations with IFM investors on basis of a binding offer for its cogeneration activities (electricity and heat) in Poland . Says a distinct sale process for coal-fired rybnik power plant (1.8 gw capacity) is ongoing and EDF entered into exclusive negotiations with EPH. . Says these transactions take place within framework of EDF's cap 2030 strategy and of disposal plan announced by the group on April 22, 2016. .EDF says will maintain its presence in Poland through its subsidiaries Edf Energies Nouvelles and Dalkia.  Full Article

EDF says confident Flamanville to start in time despite irregularities
Tuesday, 25 Oct 2016 12:57pm EDT 

Areva Sa : Edf official tells french parliament hearing that company has great confidence in ability to start flamanville reactor on time as scheduled .Edf official edf oficial says irregularities found in flamanville components will have no impact on schedule.  Full Article

EDF sets 0.5 euro interim dividend
Friday, 30 Sep 2016 11:43am EDT 

Electricite De France Sa :.  Full Article

Moody's downgrades EDF's ratings to A3/P-2; stable outlook
Wednesday, 28 Sep 2016 03:30pm EDT 

Moody's - : Downgrades EDF's Ratings To A3/P-2; stable outlook . Downgraded to a3 from a2 long-term issuer and senior unsecured ratings of EDF; perpetual junior subordinated debt ratings to baa3 from baa2 . Downgrade on view that April's action plan to not be enough to fully offset impact of risks associated with Hinkley Point project on EDF's credit profile . Significant scale and complexity of HPC project will affect EDF's business and financial risk profiles . HPC project will expose EDF and its partner China General Nuclear Power Corporation to significant construction risk .Expects EDF's funds from operations to net debt to be in mid to high teens in percentage terms from 2017 onwards.  Full Article

Gaussin sells 25 tonne vehicle to EDF
Tuesday, 16 Aug 2016 11:55am EDT 

Gaussin SA :Announces the sale of a 25 tonne vehicle to EDF for its nuclear activities.  Full Article

Photo

Desperate uranium miners switch to survival mode despite nuclear rebound

LONDON The nuclear industry is gradually recovering from its post-Fukushima slump, but excess capacity keeps uranium prices at record lows, forcing mining companies to mothball mines, slice costs and cut debt as they struggle to survive.