EDF: Lower than expected impact of Cigeo costs on the group’s provisions

Last Friday after market, in a letter sent to the Chairman and CEO of EDF, the Chairman of Areva and the General Administrator of CEA, the Ministry of Ecology and Sustainable Development and Energy attached a Ministerial order concerning the cost associated with the Cigéo project. The new cost set by this order stands at EUR25bn under economic conditions in 2011 and is to substitute  the estimates benchmark of EUR20.8bn on which the EDF group based its 2014 and interim 2015 accounts. This substitution has a positive impact on our FV as we were assuming a higher adjustment. Positive.

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