EDF say water law could cost $467-mil/yr, wait for Senate debate
London (Platts)--1Apr2005
EDF said Friday they will wait until Apr 5 before commenting further on a proposed water law that could cost them more than $467-mil (Eur360-mil) a year after statements by the company, confirmed true by EDF on Friday, were printed in the La Tribune newspaper on Thursday. On Apr 5 the proposed law is to be debated by the French Senate. In the newspaper, EDF said the law, aimed at improving the quality of French waterways by 2015, would have "serious consequences" for EDF and would "lower the value of the company," if introduced. The company said the law would reduce the production of French renewable energy by 2.3TWh per year, of which 1.7TWh per year would be peak power reductions. EDF also said French hydroelectric production would be reduced by 5% and total peak production would be reduced by 15% if the law was introduced. This story was originally published in Platts European Power Alert http://www.europeanpoweralert.platts.com
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