EQNR - EDF cuts nuclear guide again Biden says Nord Stream 2 could be no more

EDF (OTCPK:ECIFF) out after the close lowering nuclear power production guidance again, as the embattled producer sees its Chinon 3 reactor offline until mid July. After finding cracked pipes in reactors at Civaux in December, shares of EDF plunged when the company indicated it would be taking extended maintenance at four reactors in January. On January 13th, EDF revised its nuclear generation outlook from 330-360TWh to 300-330 TWh for 2022; today, the company reduced guidance further to 295-315TWh. The Company's 2023 output estimate of 340-370TWh "will be update as soon as possible." Also making headlines today, President Biden at a joint press conference with Germany's Chancellor said "if Russia invades then there will be there will be no longer a Nord Stream 2" -- the statement came after the White House waived sanctions on the pipeline last May. With an aging nuclear fleet becoming increasingly unreliable and gas supplies becoming

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EDF cuts nuclear guide again, Biden says Nord Stream 2 could be no more