Friday, 22 June 2007

Electricite de France Shares Rise for Third Day on Outlook for Power Rates

(Bloomberg) -- Shares in Electricite de France SA,
Europe's biggest power generator, rose for a third day on
speculation the state-controlled utility may benefit from higher
power rates and demand for nuclear plants.

Shares of EDF, whose 58 nuclear plants generate almost half
of Europe's nuclear power, rose as much as 2.83 euros, or 3.7
percent, and were trading up 2.3 percent to 78.40 euros at 10:45
a.m. in Paris. The stock has gained 10 percent in three days,
making EDF France's biggest company by value ahead of Total SA.


Read more at Bloomberg Stocks News

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