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.
Electricite de France SA must raise safety at nuclear plants built as long as 30 years ago closer to levels of new designs engineered to withstand plane crashes and core meltdowns, according to French regulators.
The chief executive of French water company Veolia Environnement SA publicly identified the utility’s second-biggest shareholder and his predecessor today for two attempts to engineer his ouster in as many years.
Electricite de France SA, Europe’s biggest power generator, promised to rein in spending on new installations including a long-delayed atomic plant in Normandy. The shares surged the most in six months.