Energy & Utilities Roundup: Market Talk - The Wall Street Journal

Energy & Utilities Roundup: Market Talk  The Wall Street Journal

EDF pushes back Hinkley Point C start-up by another year

Delays raise bill for flagship UK nuclear project to almost £49bn at today’s prices

Hinkley Point C nuclear plant delayed to 2030 as costs climb to £35bn

French utility company EDF says operations in Somerset will start a year later as delay costs firm €2.5bn Britain’s first new nuclear plant in a generation at the Hinkley Point C site will face further delay, at a cost of €2.5bn to the French utility company EDF. EDF said the first reactor at the site in Somerset will begin operations a year later than planned in 2030 – almost 13 years after construction work began – after a series of delays to the project. Continue reading...

By Jillian Ambrose