France and the European Commission have still not found a compromise on the overhaul of EDF. The project to reorganize the activities of the electrician will be the subject of a specific discussion in Parliament, but only if the negotiations on the subject with Europe are successful, declared Wednesday (January 13th) the Minister of Ecological Transition, Barbara Pompili. . Named Hercules, this site arouses strong opposition from the unions.
“The exchanges continue”
The reorganization provides in particular for a separation between EDF’s existing nuclear fleet and a large part of its activities related to renewable energies, as well as an opening of the capital of the latter. Its implementation would result from a reform of the regulation of the existing nuclear fleet, known under the name of Arenh (Regulated access to historic nuclear electricity), in order to guarantee the coverage of EDF’s costs.
During a debate in the Senate, the government took stock of the complex discussions with the European executive. “We are only at the start of the work. At this stage, we have not yet reached a comprehensive agreement with the European Commission and discussions are continuing. It takes time, but it is also because the government is holding on. good on the essential points of the project and because we want it to be solid, ”explained Barbara Pompili.
Still no schedule
“If this negotiation opens the field of possibilities […], it will never preempt the voice of the nation’s elected officials and the essential parliamentary discussion on the future of EDF before any reform “, added the minister. She specified that the subject would be the subject of a” discussion specific”.
“No, we are not going to cut up EDF […]. No, we are not going to dismantle the group either. And yes, of course, we will preserve the status of employees “, also assured Barbara Pompili. She underlined that the envisaged reform aimed to endow EDF with a structure capable of sustaining its activities, increasing its development prospects and finance its growth The minister, who did not provide a timetable for the implementation of the project, also specified that it would have “no impact” on regulated electricity prices.
Debt problem at EDF
The Minister of the Economy, Bruno Le Maire, also assured Tuesday January 12 that the transformation of EDF would not lead to the “dismantling” feared by the unions and that it aimed to give the group “the means to develop “, both in renewables and” new “nuclear. “Today, EDF is going against the wall if we are not able to give it the means to invest”, he justified, estimating that the level of debt of the group was not “sustainable”.
BFM Business reported Wednesday January 13 that the negotiations around EDF gave rise to “extreme tensions” between the French government and the European executive, because of disagreements on the future of the commercial branch and the dams of the group. From the same source, the two parties would now give themselves until the end of the first quarter to find a compromise.
With Reuters (Benjamin Mallet, with Gwénaëlle Barzic, edited by Nicolas Delame)
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