Electricite de France SA, the country’s biggest power utility, will continue to offer wholesale nuclear energy at 42 euros ($58) a megawatt-hour after a planned revamp of the way the price is set was delayed.
The French government is considering a possible extension of the period that Electricite de France SA is able to amortize its nuclear reactors in preparing corporate accounts, according to Finance Minister Pierre Moscovici.
An explosion and fire at a French nuclear-waste processing site killed one person and injured four, heightening concern of safety risks from atomic energy following the disaster in Japan six months ago.
Edison SpA , Italy’s second-largest power producer, is weighing a capital increase of more than 1 billion euros ($1.32 billion) to strengthen its balance sheet as unprofitable gas-supply contracts threaten to further erode earnings, people with direct knowledge of the situation said.
EnBW Energie Baden-Wuerttemberg AG’s main shareholder has started arbitration proceedings at the Paris-based International Chamber of Commerce to determine if it paid a market price for the stake it acquired from Electricite de France SA.