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Electricite de France SA (EDF.PA)

EDF.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EDF notified of strike on Jan 25-Jan 26
Monday, 23 Jan 2017 08:30am EST 

EDF : Strike notice at EDF from Wednesday 25/01/2017 05:00 PM to Thursday 26/01/2017 09:00 PM, EDF says on website . No further details given on website announcement . EDF workers had already gone on strike earlier in January [nL5N1F22FZ] Further company coverage: [EDF.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Edf Energies Nouvelles continues expansion in wind and solar energy in North America
Wednesday, 11 Jan 2017 03:07am EST 

EDF Energies Nouvelles : EDF Energies Nouvelles announces commissioning of four wind farms in the United States with installed capacity totalling over 708 MW . In North America, the group has also accelerated its solar energy expansion drive in 2016 with notably a new 150 MWac project in the United States . Company says new initiatives will contribute to EDF Group's CAP 2030 strategy which aims at doubling its renewable energy capacity by 2030 Further company coverage: [EDF.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Paladin Energy updates on EDF off-take contract
Monday, 9 Jan 2017 11:11pm EST 

Paladin Energy Ltd : Receives notice from Électricité de France regarding EDF's $200 mln pre-payment under long term off-take contract . EDF has requested security for pre-payment in addition to its existing security over 60.1% of Michelin Project in Canada . May be required to provide additional security and Paladin has been discussing potential additional security and value of the same . Paladin energy says EDF informed co that value of additional security proposed by Paladin is less than value required by off-take contract .Paladin energy says co does not agree with EDF's position; the matter will now proceed to independent expert valuation.  Full Article

Albioma signing of second rider to EDF contract and financing of IED compliance costs
Friday, 23 Dec 2016 01:00pm EST 

Albioma SA : Albioma Bois-Rouge power plant on Reunion island signed a second rider to its power purchase agreement with edf following approval from french energy regulatory commission . Albioma Bois-Rouge raised 144 million euro ($150.4 million) long-term bank loan to finance capital expenditure to bring its emissions treatment systems into compliance with standards and refinance existing debt .Drawings under this loan will take place between 2017 and 2019, as construction of new equipment progresses.  Full Article

EDF sells off some property assets to Tikehau IM
Friday, 23 Dec 2016 02:38am EST 

EDF : Tikehau IM has acquired from the EDF group property investment company SOFILO a portfolio of around 130 office real estate and business assets. .EDF says transaction is a new step forward in the execution of EDF's disposal plan for the 2015-2020 period..  Full Article

EDF announces sale of portion of CSPE receivable held with French state
Friday, 23 Dec 2016 02:35am EST 

EDF : EDF sold, on 22 December, a portion (26.40%) of the CSPE receivable held with the French state under the deficit of the compensation of public service costs ("CSPE") until December, 31 2015. . The receivable has been assigned to an investors pool composed of a banking institution and a dedicated FCT (Fond Commun de Titrisation - French securitized mutual fund). . Proceeds from this disposal (without recourse) amount to 1.542 billion euros ($1.61 billion). . The assigned receivable includes the component of the receivable not allocated to the Dedicated Assets. . This assignment leads to an improvement of the net financial debt of 645 million euros. Further company coverage: [EDF.PA] ($1 = 0.9580 euros) ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Eolo Energia mandatory offer on Alerion to run Dec. 23-Jan. 16
Thursday, 22 Dec 2016 01:10pm EST 

Alerion Clean Power:Edison says Eolo Energia's mandatory buyout offer on Alerion shares to run from Dec. 23 to Jan. 16.  Full Article

S&P affirms EDF rating after lower 2017 guidance, outlook stable
Tuesday, 20 Dec 2016 11:45am EST 

Rating agency S&P says affirms French state-controlled utility EDF's ratings: S&P says EDF's negative credit development is manageable under current ratings. . Says affirms EDF's 'A-/A-2' rating following lower 2017 earnings guidance, outlook stable. . Says EDF's planned 4 billion-euro ($4.2 billion) capital increase should help reduce its debt. . Says affirms all ratings on EDF and its subsidiaries. . S&P says assumes power prices of 30 euros per megawatt-hour (MWh) in France and 35 GBP /MWh in the U.K. in 2017, and 32 euros/MWh in France and 35 GPB/MWh in the U.K. in 2018 . S&P says sees gradual decrease in EDF market shares in France over 2016-2019 Further company coverage: [EDF.PA] ($1 = 0.9621 euros) (Reporting by Bate Felix; Editing by Mathieu Rosemain) ((paris.newsroom@thomsonreuters.com; +33 1 49 49 54 52;)).  Full Article

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

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