EDF Lowers 2022 Nuclear Output Estimates; Sees $19.4 Billion Earnings Hit
19 Maio 2022 - 4:07AM
Dow Jones News
By Giulia Petroni
Electricite de France SA late Wednesday said that it expects an
earnings hit of around 18.5 billion euros ($19.36 billion) in the
year after lowering its French nuclear output estimates due to
inspections for stress corrosion at some of its reactors.
The state-controlled utility said it now estimates French
nuclear output of 280 to 300 terawatt hours in 2022 compared with
295TWh-315TWh previously. Estimates for 2023 are unchanged at
300TWh-330TWh.
In March, the impact of lower nuclear output in France on
earnings before interest, taxes, depreciation and amortization had
been estimated at around EUR16 billion.
In 2022, EDF plans to inspect 900-megawatt reactors but said no
new reactor outages are needed to carry out the checks. Also
1,300-MW reactors will be inspected.
The utility is currently carrying out inspections at 12 reactors
that are now shut down, and confirmed the presence of stress
corrosion at some of them.
Discussions with the French Nuclear Safety Authority over the
inspections and a repair program are under way, EDF said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 19, 2022 02:52 ET (06:52 GMT)
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