Corporate: EDF's Headaches Set to Remain Post-Nationalization

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EDF's €5.3 billion ($5.4 billion) net loss posted this week for the first half of the year, and its warning of lower earnings in the second half, underlines just how intractable the nuclear giant's difficulties will remain even after it is fully nationalized. And while EDF did receive some good news this week, as France's Nuclear Safety Authority (ASN) signed off on its strategy to inspect its entire domestic fleet of 56 reactors, the utility is unlikely to improve its balance sheet until key structural issues in the French power market change. In particular the French government looks set to continue to use EDF as a tool to help cool the power market.

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