Henri Proglio News
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France must accelerate a decision on its future energy mix before aging nuclear plants are halted permanently, according to the country’s atomic-power regulator.
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Electricite de France SA, Europe’s biggest power producer, fell the most in five months in Paris trading after Bank of America Corp. cut its rating on the stock on concern earnings from nuclear generation will fall short.
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The U.K. and Electricite de France SA are making progress on a deal that would guarantee a power price for new nuclear reactors, said a local government official who reported no indication the talks are failing.
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Veolia Environnement SA, Europe’s biggest water company, reported a 1.5 percent slump in profit, and said it’s raising a cost-cutting target.
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Electricite de France SA, the biggest operator of nuclear reactors, has to carry out safety work on Unit 2 of its oldest atomic plant at Fessenheim so it can better withstand a serious accident, according to the safety regulator.
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Electricite de France SA, which is negotiating to build the U.K.’s first new nuclear power plants in almost two decades, is preparing to allow the talks to fail because of a dispute over the price of electricity.
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Electricite de France SA, Europe’s biggest nuclear operator, faces “uncertainty” about how long it can operate its French reactors, the country’s regulator said.
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Electricite de France SA will reduce staff at its project to build the U.K.’s first new nuclear plants in almost two decades, as the French utility seeks to curb costs as power price talks continue.
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Electricite de France SA Chief Executive Officer Henri Proglio dismissed suggestions that his future at the world’s biggest nuclear operator is in doubt, saying he sees his position as “eternal.”
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Henri Proglio , the top executive at France’s biggest water and nuclear power companies, stepped down as chairman of Veolia Environnement SA , bowing to pressure to relinquish one of his two jobs.
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