French Nuclear Giant Sues Government For $8 Billion ...Middle East

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French Nuclear Giant Sues Government For $8 Billion
source : OILPRICE ( Middle East ) () 23
French nuclear giant EDF, forced to sell power to competitors below market value, is now suing the French government for over $8 billion in compensation.  EDF says it has lost 8.3 billion euros (nearly $8.6 billion at today’s exchange rate) as of the date of filing the claim against the government, and anticipates losing more than 15 billion euros for the full year. The French power company, which is already 84% owned by the government and is in the process of being fully nationalized, is forced to sell electricity it produces to rival…

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