3 ms·
> A company that drowns in debt and needs government bailouts is not profitable by any definition of the word. They're not "drowning" in debt, they're not bein
by mpweiher 2y ago
> A company that drowns in debt and needs government bailouts is not profitable by any definition of the word.
They're not "drowning" in debt, they're not being bailed out and they are most definitely profitable.
> [nuclear] costs more money every year
You might want to actually look at the EDF financial reports...
> That's why France now has increased the price of nuclear power by over 60%
Also not true. France has increased the "price" of the ARENH program, which allows companies access to 25% of EDFs cheap nuclear capacity at low prices.
> Turns out EDF was selling nuclear power below production cost all these year
Turns out the ARENH program legally required EDF to sell 25% of its production at a very low fixed price. Even if it needed that electricity itself, which meant it often had to buy that same electricity it had produced back from those same competitors at a higher price. At the height of the energy crisis at a 25x higher price.
> As I said - not profitable.
Yes, you keep saying it, and it keeps being wrong.
2023, € 10 billion in profits.
https://www.edf.fr/sites/groupe/files/2024-02/annual-results-2023-consolidated-financial-statements-2024-02-16.pdf https://www.edf.fr/sites/groupe/files/2024-02/annual-results...
I would like to be this "not profitable"