EnergyWatch

EDF's equity plunges off drawn-out nuclear regulation prospects

It appears that the French government and the EU Commission will not reach an agreement any time soon on new rules for nuclear power plants, resulting in EDF's share price taking a hit on the stock exchange.

Photo: SAMEER AL-DOUMY/AFP / AFP

Power utility Électricité de France, of which the French state owns 84 percent, depreciates by 14.3 percent in Paris trading after talks between France and the EU Commission seem to be bogged down in delays, reports Bloomberg News.

France's government wants to implement new rules for selling power from atomic power plants in order to make sure the debt-ridden, state-owned utility has liquidity to maintain its aging nuclear fleet.

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