French utility EDF said on Tuesday that future nuclear reactor maintenance outages could be longer than expected and that these could weigh on 2018 core earnings. EDF chief financial officer Xavier Girre said on an earnings call on Tuesday that in 2017 several reactor outages had to be extended, sometimes for significant periods of time and that the expected drop in availability of the French nuclear fleet at the beginning of 2018 will have a negative impact on earnings. A total of 19 of EDF’s 58 reactors – which generate three quarters of France’s electricity – are currently offline, although 15 of those are expected to restart by early December to be ready for the coldest winter months, EDF nuclear fleet chief Dominique Miniere said on the earnings call. Miniere said the dike of Tricastin’s cooling water canal had been reinforced end October and that EDF is now waiting for ASN clearance to restart the reactors. He said that this winter a maximum of four to five reactors will be offline compared to nine last winter.
Reuters 14th Nov 2017 read more »