Spiralling nuclear costs at EDF threaten dividend.

Business Week: “Electricite de France SA’s near record dividend is at risk for the first time in four years as costs spiral at the world’s biggest atomic-power producer.”“There is a growing fear among equity investors that EDF’s current dividend is not sustainable longer-term,” said Roland Vetter, an analyst at CF Partners (UK) LLP in London. “EDF faces fundamental headwinds.” …With President Francois Hollande pledging to shore up France’s energy mix in favor of renewable power, EDF is facing cost overruns on a new reactor as it expands a workforce that’s already double the size of its nearest rivals. The French utility owns 58 French and 15 U.K. reactors.”

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