this post was submitted on 01 Aug 2023
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Yes it was a "strategy" for EDF to go tens of billions into debt, and the other 30-50% of french power infrastructure is there just for fun. These mental gymnastics are incredibly tiresome.
Responding to sarcastic, disrespectful and immature one-liners from someone obviously ignorant on the subject is neither exciting nor productive, so I'll just throw out a few points in response to your last comment without bothering to expand on them and then move on.
More deranged doublethink.
ARENH can't be causing losses if the price it sets is profitable (so by citing it you are claiming that the french nuclear fleet has never broken even).
It also can't be causing a production shortfall requiring buying expensive hydro if the reactors are off because of a "strategy".
Your debt doesn't go up every year if you're making a profit.
Deferring maintenance doesn't make costs magically vanish.
Decomissioning, waste management and hundreds of billions for license extensions are also completely unfunded. So the french people were just bilked another €10 billion for taking on a larger share of a half trillion dollar liability.