06-07-2022 16:22 via fraservalleytoday.ca

French government plans to nationalize electricity giant EDF

PARIS (AP) — French Prime Minister Elisabeth Borne said Wednesday that the government plans to nationalize French electricity giant EDF amid an energy crisis aggravated by Russia’s invasion of Ukraine.
The French state now holds an 84% stake in the company, one of the world’s biggest electricity producers.
“We must have full control over our electricity production and performance,” Borne said in her first major speech to France’s parliament. “We must ens
Read more »