EDF fined millions for disseminating misleading information about U.K. nuclear project

The Enforcement Committee of the Autorité des Marchés Financiers (AMF) has imposed a fine of €5 million (about $5.9 million) on Électricitéde France for providing false information about the Hinkley Point C new-build nuclear project in the United Kingdom. The committee has also imposed a €50,000 (about $59,000) fine on EDF’s former chairman and chief executive officer, Henri Proglio. According to a July 30 statement from the AMF, the false information was spread via an October 8, 2014, news release.

The AMF is described on its website as an independent public authority that regulates the French financial marketplace and its participants.

New design center supports construction of Hinkley Point C

UK EPR Design Centre, Bristol, England. Image: EDF Energy

EDF Energy has opened a new engineering design facility in Bristol, England, to support the next phase of construction at the Hinkley Point C nuclear power station in Somerset, the company announced on July 14. The UK EPR Design Centre at Aztec West brings together nuclear designers and engineers from EDF and British engineering partners and suppliers, including Framatome UK, Atkins, Jacobs, Assystem, Anotech, and Vulcain, the announcement said.

More nuclear a good choice for U.K., but costs must fall, report says

A report published last week by Energy Systems Catapult, a U.K.-based clean energy nonprofit, concludes that adding double-digit gigawatts of new nuclear is a “low-regrets option” for the United Kingdom as it strives to achieve net-zero carbon emissions by 2050. (Legislation establishing the 2050 target date was signed in June of last year, making the United Kingdom the first of the world’s major economic powers to take that step.) The report also stresses, however, that costs for new nuclear must decrease significantly for the technology to meet its potential.