Electricite de France SA (EDF.PA)
Latest Key Developments (Source: Significant Developments)
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
Electricite De France S.A.
Cez says : four heating plants and four heating plants with heat distribution for sale by EdF .installeled capacity 1.4 GW in power and 4.4 GW in thermal. Full Article
Marc Benayoun, the CEO of EDF's Italian unit Edison, says: Edison would be ready to open its capital to investors if it were to buy the retail gas and power business of Italian oil major Eni . says at moment Eni has not opened any sales process for its retail unit but if it did Edison would consider it Further company coverage: [EDF.PA] (Reporting by Milan newsroom). Full Article
Corrects time reference.: Edf grid unit RTE chief Brottes tells French parliament that rte is not considering job cuts .RTE's Brottes says industrial project will be ready end-June to mid-July, can't see capital opening before that. Full Article
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.