EDF, AREVA, Adjust Provisions Aside For Cigeo Facility

French utility EDF Group and construction corporation AREVA reacted with financial adjustments to a new government benchmark price for the underground radioactive waste storage facility known as Cigeo (Centre Industriel de Stockage Geologique).EDF said it would add $871.24 million in provisions to accommodate the benchmark or reference price that was changed by a Ministry of Ecology order. AREVA said that it would integrate the impact of the revised quote in its 2015 accounts, with an adjustment of $272.26 million.(read more)