Report: Electricite de France S.A. Nuclear Operational Analysis TOC

1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 11
2 Company Snapshot 12
2.1 Key Information 12
2.2 Company Overview 12
2.3 Industry Outlook - Nuclear 12
3 Electricite de France S.A. Nuclear Operational Analysis 14
3.1 Electricite de France S.A. Operable Commercial Reactors 14
3.2 Electricite de France S.A. Upcoming Reactors 15
4 Reactor Details 16
4.1 Reactor Details, Belleville 1 16
4.2 Reactor Details, Belleville 2 18
4.3 Reactor Details, Bugey 2 20
4.4 Reactor Details, Bugey 3 22
4.5 Reactor Details, Bugey 4 25
4.6 Reactor Details, Bugey 5 27
4.7 Reactor Details, Cattenom 1 29
4.8 Reactor Details, Cattenom 2 31
4.9 Reactor Details, Cattenom 3 34
4.10 Reactor Details, Cattenom 4 36
4.11 Reactor Details, Chinon B1 38
4.12 Reactor Details, Chinon B2 40
4.13 Reactor Details, Chinon B3 43
4.14 Reactor Details, Chinon B4 45
4.15 Reactor Details, Chooz B1 47
4.16 Reactor Details, Chooz B2 50
4.17 Reactor Details, Civaux 1 52
4.18 Reactor Details, Civaux 2 54
4.19 Reactor Details, Cruas Meysse 1 56
4.20 Reactor Details, Cruas Meysse 2 59
4.21 Reactor Details, Cruas Meysse 3 61
4.22 Reactor Details, Cruas Meysse 4 63
4.23 Reactor Details, Dampierre 1 66
4.24 Reactor Details, Dampierre 2 68
4.25 Reactor Details, Dampierre 3 70
4.26 Reactor Details, Dampierre 4 72
4.27 Reactor Details, Fessenheim 1 75
4.28 Reactor Details, Fessenheim 2 77
4.29 Reactor Details, Flamanville 1 79
4.30 Reactor Details, Flamanville 2 81
4.31 Reactor Details, Golfech 1 84
4.32 Reactor Details, Golfech 2 86
4.33 Reactor Details, Gravelines 1 88
4.34 Reactor Details, Gravelines 2 90
4.35 Reactor Details, Gravelines 3 92
4.36 Reactor Details, Gravelines 4 95
4.37 Reactor Details, Gravelines 5 97
4.38 Reactor Details, Gravelines 6 99
4.39 Reactor Details, Le Blayais1 101
4.40 Reactor Details, Le Blayais 2 104
4.41 Reactor Details, Le Blayais 3 106
4.42 Reactor Details, Le Blayais 4 108
4.43 Reactor Details, Nogent 1 111
4.44 Reactor Details, Nogent 2 113
4.45 Reactor Details, Paluel 1 115
4.46 Reactor Details, Paluel 2 117
4.47 Reactor Details, Paluel 3 120
4.48 Reactor Details, Paluel 4 122
4.49 Reactor Details, Penly 1 124
4.50 Reactor Details, Penly 2 127
4.51 Reactor Details, Saint Alban 1 129
4.52 Reactor Details, Saint Alban 2 131
4.53 Reactor Details, St Laurent B1 133
4.54 Reactor Details, St Laurent B2 136
4.55 Reactor Details, Tricastin 1 138
4.56 Reactor Details, Tricastin 2 141
4.57 Reactor Details, Tricastin 3 143
4.58 Reactor Details, Tricastin 4 146
5 Business Description 149
5.1 Business Overview 149
5.2 Major Products and Services 150
5.2.1 Overview 150
6 History 151
7 Competitors 153
8 Key Employees 154
9 Key Employee Biographies 155
10 Locations And Subsidiaries 156
10.1 Head Office 156
11 Financial Deals Landscape 157
11.1 Electricite de France S.A., Deals Volume Summary, 2004 to YTD 2009 157
11.2 Electricite de France S.A., Deals Summary By Region, 2004 to YTD 2009 158
11.3 Electricite de France S.A., Deals Summary, 2004 to YTD 2009 159
11.4 Electricite de France S.A. Detailed Deal Summary 161
11.4.1 Rumored Deals 161
11.4.2 Asset Purchase 164
11.4.3 Merger 172
11.4.4 Acquisition 173
11.4.5 Venture Financing 202
11.4.6 Equity Offerings 203
11.4.7 Debt Offerings 206
11.4.8 Partnerships 211
12 Recent Developments 224
12.1 New Projects 224
12.1.1 Jul 03, 2008: France To Construct Second Third-Generation EPR Nuclear Power Plant 224
12.2 New Contracts 224
12.2.1 Dec 30, 2008: RWE npower Signs Agreement With National Grid To Connect Three Nuclear Plants To Country' s Network 224
12.2.2 Oct 06, 2008: MAN Diesel Receives Contract From EDF To Construct Three Diesel Power Plants 225
12.2.3 Sep 16, 2008: Flowserve To Supply Pumps and Valves To EDF And Areva For EPR, Flamanville 3, In France 225
12.2.4 Jun 19, 2007: Areva Wins Contract From EDF To Perform Ten-Year Inspections On French 900 Mwe Reactors 226
12.3 Operations Updates 226
12.3.1 Dec 11, 2008: EDF Open To Partnership To Share Rising ERP Cost 226
12.3.2 Dec 02, 2008: EDF' s Nuclear Power From Flamanville Reactor To Be 20% Costlier Than Expected 227
12.3.3 Nov 12, 2008: AREVA To Delay Its Flamanville EPR Reactor To 2013 227
12.3.4 Nov 12, 2008: EDF' s Flamanville EPR Plant To Start In 2012 227
12.3.5 Sep 18, 2008: Concentrix Solar Sucessfully Installs Demo Systems In Altomonte, Italy 227
12.3.6 Aug 04, 2008: EDF Restarts Its Fessenheim 2 Nuclear Reactor In France 228
12.3.7 Jul 18, 2008: EDF Starts Feasibility Study For A New Nuclear Plant In UK 228
12.4 Financial Announcements 228
12.4.1 Nov 21, 2008: EDF Declares Interim Dividend 228
12.5 Strategy and Business Planning 228
12.5.1 Dec 19, 2008: AREVA Signs Long-Term Agreement With EDF To Recycle Used Nuclear Fuel 228
12.5.2 Jul 15, 2008: EDF To Build Pilot Tidal Turbine System In France 229
12.5.3 Jul 04, 2008: EDF To Build New EPR Nuclear Reactor In France 229
12.6 Government and Public Interest 230
12.6.1 Aug 11, 2008: DOE Receives Federal Loan Guarantee Applications For US Facilities 230
12.6.2 Jul 03, 2008: France To Construct Second Third-Generation EPR Nuclear Power Plant 231
12.7 Other Significant Developments 231
12.7.1 Dec 07, 2008: EDF To Invest GBP22 Billion To Build Four Nuclear Plants In UK 231
12.7.2 Dec 04, 2008: EDF And Its Partners To Invest EUR50 Billion To Build Nuclear Plants In Europe, US And China 231
12.7.3 Oct 23, 2008: EDF Announces Management Changes 232
13 Appendix 233
13.1 Methodology 233
13.2 About Global Markets Direct 233
13.3 Contact Us 233
13.4 Disclaimer 233

1.1 List of Tables
Table 1: Electricite de France S.A.,Key Facts 12
Table 2: Operable Commercial Reactors 14
Table 3: Upcoming Reactors 15
Table 4: Reactor Details, Belleville 1 16
Table 5: Reactor Details, Belleville 2 18
Table 6: Reactor Details, Bugey 2 20
Table 7: Reactor Details, Bugey 3 22
Table 8: Reactor Details, Bugey 4 25
Table 9: Reactor Details, Bugey 5 27
Table 10: Reactor Details, Cattenom 1 29
Table 11: Reactor Details, Cattenom 2 31
Table 12: Reactor Details, Cattenom 3 34
Table 13: Reactor Details, Cattenom 4 36
Table 14: Reactor Details, Chinon B1 38
Table 15: Reactor Details, Chinon B2 40
Table 16: Reactor Details, Chinon B3 43
Table 17: Reactor Details, Chinon B4 45
Table 18: Reactor Details, Chooz B1 47
Table 19: Reactor Details, Chooz B2 50
Table 20: Reactor Details, Civaux 1 52
Table 21: Reactor Details, Civaux 2 54
Table 22: Reactor Details, Cruas Meysse 1 56
Table 23: Reactor Details, Cruas Meysse 2 59
Table 24: Reactor Details, Cruas Meysse 3 61
Table 25: Reactor Details, Cruas Meysse 4 63
Table 26: Reactor Details, Dampierre 1 66
Table 27: Reactor Details, Dampierre 2 68
Table 28: Reactor Details, Dampierre 3 70
Table 29: Reactor Details, Dampierre 4 72
Table 30: Reactor Details, Fessenheim 1 75
Table 31: Reactor Details, Fessenheim 2 77
Table 32: Reactor Details, Flamanville 1 79
Table 33: Reactor Details, Flamanville 2 81
Table 34: Reactor Details, Golfech 1 84
Table 35: Reactor Details, Golfech 2 86
Table 36: Reactor Details, Gravelines 1 88
Table 37: Reactor Details, Gravelines 2 90
Table 38: Reactor Details, Gravelines 3 92
Table 39: Reactor Details, Gravelines 4 95
Table 40: Reactor Details, Gravelines 5 97
Table 41: Reactor Details, Gravelines 6 99
Table 42: Reactor Details, Le Blayais 1 101
Table 43: Reactor Details, Le Blayais 2 104
Table 44: Reactor Details, Le Blayais 3 106
Table 45: Reactor Details, Le Blayais 4 108
Table 46: Reactor Details, Nogent 1 111
Table 47: Reactor Details, Nogent 2 113
Table 48: Reactor Details, Paluel 1 115
Table 49: Reactor Details, Paluel 2 117
Table 50: Reactor Details, Paluel 3 120
Table 51: Reactor Details, Paluel 4 122
Table 52: Reactor Details, Penly 1 124
Table 53: Reactor Details, Penly 2 127
Table 54: Reactor Details, Saint Alban 1 129
Table 55: Reactor Details, Saint Alban 2 131
Table 56: Reactor Details, St Laurent B1 133
Table 57: Reactor Details, St Laurent B2 136
Table 58: Reactor Details, Tricastin 1 138
Table 59: Reactor Details, Tricastin 2 141
Table 60: Reactor Details, Tricastin 3 143
Table 61: Reactor Details, Tricastin 4 146
Table 62: Electricite de France S.A., Key Employees, 154
Table 63: Electricite de France S.A., Deals Summary, 2004 to YTD 2009 157
Table 64: Electricite de France S.A., Deals Summary by Region, 2004 to YTD 2009 158
Table 65: Electricite de France S.A., Deals Summary, 2004 to YTD 2009 159
Table 66: Electricite de France S.A., Deals Summary, 2004 to YTD 2009 160
Table 67: EDF plans to acquire Supra 161
Table 68: E.ON To Acquire Babcock & Brown' s European Wind Parks 162
Table 69: BP And Electricite de France Plan To Acquire Stakes In Turkish Companies 163
Table 70: Gas Natural Acquires Five CCGTs And A Gas Pipeline From EDF And Mitsubishi 164
Table 71: Enel Acquires 12.5% Stake In Flamanville EPR Nuclear Plant From Electricite de France 165
Table 72: EDF Energies Nouvelles Acquires Interest In Nurri And Andretta Wind Farms 166
Table 73: enXco Acquires 30% Interest In Hawi Wind Project From International Energy Services 167
Table 74: EDF Energies Nouvelles Sells Its Brazilian Wind Power Operations 168
Table 75: London Electricity Acquires Wind Power Portfolio From Northern Electric 169
Table 76: E.ON To Acquire Babcock & Brown' s European Wind Parks 170
Table 77: EDF, Energysolutions To Acquire Land Near Wylfa Nuclear Power Station 171
Table 78: Italenergia Merges With Edison 172
Table 79: Electricite de France Acquires 26.53% Shares Of British Energy 173
Table 80: Electricite de France Acquires Fahrenheit 175
Table 81: Theolia Acquires Compagnie Eolienne Du Detroit 176
Table 82: EDF Energies Acquires 25% Interest In Alcogroup 177
Table 83: EDF Trading Acquires Renewable Fuel Supply 178
Table 84: Edison Acquires EDF Energia Italia From EDF International 179
Table 85: Electricite de France Sells Majority Stake In Light To Rio Minas Energia Participacoes 180
Table 86: UBS sells stake in Motor-Columbus 181
Table 87: EDF Increases Its Stake In Motor Columbus To 41.03% 182
Table 88: Edison Acquires Minority Interest In Finel From EdF International 183
Table 89: Transalpina di Energia Acquires Majority Stake In Edison From Italenergia 184
Table 90: Renewable Energy Holdings Acquires Windpark Kesfeld-Heckhuscheid From EDF Energies Nouvelles 186
Table 91: EDF And Total Increase Their Stake In Total Energie 187
Table 92: EDF Acquires 100% Stake In EDF Trading 188
Table 93: E.ON Acquires Additional 36.3% Stake In Graninge 189
Table 94: Electricite de France Acquires An Additional 15% Interest In EDF Energies Nouvelles 190
Table 95: London Electricity Group Acquires Seeboard From American Electric Power 191
Table 96: SIIF Energies Acquires enXco 192
Table 97: London Electricity Group Acquires 50% Interest In 24seven From TXU 193
Table 98: Electricite de France Acquires Stake In Societe Publique 194
Table 99: Italenergia Acquires 96.9% Stake In Montedison 195
Table 100: EDF And Zweckverband Acquires Stake In Energie Baden-Wurttemberg 196
Table 101: Fortum And Tomen Sells Interest In Budapesti Eromu 197
Table 102: Electricite de France And Gaz de France Acquires 45% Interest In Zespol Elektrocieplowni Wybrzeze 198
Table 103: Gaz de France To Sell Its Equity Interest In SEGEBEL To EDF 199
Table 104: EDF Energies Nouvelles To Raise Its Stake In Fotosolar 200
Table 105: EDF To Acquire Eagle Energy From Lehman Brothers 201
Table 106: Marine Current Turbines Secures $5.45m In Series A Funding 202
Table 107: EDF Energies Nouvelles Completes Offering Of $733.8 Million 203
Table 108: Nanosolar Completes Private Placement Of $50 Million 204
Table 109: EDF Nouvelles Energies Completes Initial Public Offering Of $502.1 Million 205
Table 110: EDF Completes Debt Offering Of $1,130.25 Million 206
Table 111: Electricite de France Completes Bond Issue Of $2,526.12 Million 207
Table 112: EDF Completes Private Placement Of Bonds For $2,199 Million 208
Table 113: Electricite de France Completes Bond Offering Of $230 Million 209
Table 114: Electricite de France Completes Debt Offering Of $270 Million 210
Table 115: Gasol Enters Into Partnership With Afren And EDF 211
Table 116: EDF And EDF Energies Nouvelles Form Joint Venture 212
Table 117: EDF-EN Enters Into Partnership With EDF Energy 213
Table 118: EDF Energies Nouvelles And Renewable Energy Holdings Enter Into Partnership Agreement 214
Table 119: ENEL Signs Partnership Agreement With Electricite de France 215
Table 120: EDF And CGNPC Enter Into Joint venture 216
Table 121: Chubu Electric Power Forms Partnership With EDF Trading 217
Table 122: Datang Huayin Electric Signs Memorandum Of Understanding With China Datang Corporation And Electricite de France 218
Table 123: Constellation Energy And EDF Form Partnership 219
Table 124: PPC And EDF ENERGIES NOUVELLES Form Joint Venture 220
Table 125: EDF Energy Forms Joint Venture With London Climate Change Agency 221
Table 126: Eastern Electricity Forms Joint Venture With London Electricity 222
Table 127: Info-Quest And EDF Enter Into Partnership 223

1.2 List of Figures
Figure 1: Electricite de France S.A., Deals Volume Summary, 2004 to YTD 2009 157
Figure 2: Electricite de France S.A., Deals Summary by Region, 2004 to YTD 2009 158