France: EDF Losses Balloon as Restart Plan Doubted

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With half its domestic reactor fleet still offline France's EDF is now projecting the outages will cost its bottom line some €29 billion ($29 billion) this year, roughly quadrupling the €7.3 billion hit from the outages in the first half of 2022. Meanwhile French power system operator RTE this week discounted EDF's pledge to the government to restart over the coming months the 28 of its 56 reactors currently offline, as RTE placed the French power system for the first time ever under "reinforced monitoring" over the high-demand winter.

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