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AlwaysFree: EDF Energy: Financial Information At 30 September 2022

Author: SSESSMENTS

According to the company’s website press release on October 27, 2022, 

Highlights

Draft document relating to the simplified tender offer filed by the French State

  • Filing on 4 October by the French State with the French Financial Market Authority (AMF) of the draft document relating to the simplified tender offer at €12 per share and €15.52 per convertible bond

Nuclear

  • Stress corrosion phenomenon: repairs completed on the circuits of the 5 reactors (3 of which had no signs of stress corrosion), 5 reactors undergoing repairs and investigation on 5 reactors.
  • ARENH appeal: filing of a legal claim on 9 August with the Conseil d'état and a claim for indemnification with the French State for an amount estimated to date at €8.34 billion

 

Renewables

  • Saint Nazaire offshore wind turbines installed (480MW): first GWh injected into the market

 Customers

  • Return of customers to EDF (net gains of more than 939k contracts over 12 months mainly in regulated tariffs) with a negative impact in EBITDA because of the purchase of the corresponding volumes on the market at very high prices
  • Launch of the sobriety plan: promotion of load shedding and modulation offers and communication campaign on useful gestures

 

Financing

  • Senior bond issue on 5 October in 3 tranches for a nominal amount of €3 billion, including a green tranche for €1.25 billion, with a 12-year maturity

 Regulation

  • European regulation capturing infra-marginal revenues of producers to €180/MWh
  • Limit the increase in the regulated tariff in France to 15% including tax, as of 1st February 2023 announced by the French government

Tags: All Products,AlwaysFree,English,Europe,Gas,United Kingdom

Published on November 1, 2022 2:33 PM (GMT+8)
Last Updated on November 1, 2022 2:34 PM (GMT+8)