But about 5 billion euros by reactor it will have a cost

Henri Proglio was appointed yesterday evening Director of EDF for the second time in his life, but this time with the mission of chairing the public electrician and not only its strategic Committee. The pattern of Veolia Environment could quickly replace Pierre Gadonneix, candidate for his own succession, whose mandate expires on November 22. There is talk of a transfer of power in the aftermath of the General Assembly, which is convened on 5 November, and in which it will be also proposed to the shareholders to amend the statutes of EDF to authorize the payment of dividends or payments on stock dividend. Henri Proglio is also heard by the commission for Economic Affairs of the National Assembly.

The Directors proposed

Among the six directors proposed last night at the Council are also Philippe Crouzet, President of the Executive Board of Vallourec, Mireille Faugère, Director General of the domestic passenger France SNCF, Bruno Lafont, Lafarge CEO Europe, Pierre Mariani, Chief Executive Officer of Dexia, and Michael Jay, former Ambassador to Britain in France, where England becomes a key for the electrical market.

Before taking the reins of EDF, the President of Veolia will face its own Board, today afternoon. Agenda: the convening of a General Assembly to pass an organization in Board of Directors to the Supervisory Board. In the background, the idea to propose the Presidency to Henri Proglio, who would like to entrust the Executive Board to Antoine Frérot. If the question is asked, it means probably that Nicolas Sarkozy has accepted that the future pattern of EDF retains the non-executive chairmanship of Veolia.

The current pattern of environmental services giant is viscerally attached to his company, in which he worked for more than thirty years. Moreover, he does not see why it would not entitled to the same treatment as Gérard Mestrallet, pattern of GDF Suez, and Chairman of the Board of Directors of Suez Environment. But, for reasons of governance, shareholders could be resisted, and remind him that Veolia (yet) is a private company.

The big question now is what will be the strategy of Henri Proglio at EDF. For the Prime Minister, François Fillon, the electrician must have three main objectives: "A greater effectiveness of its nuclear device, improving its offer to the consumer and develop consistent international device", he said in an interview in the "Sunday Journal".

Yesterday evening in the Grand Jury RTL - "Le Figaro" - REBA, the economy Minister, Christine Lagarde, added: "what is important, from my point of view, is that it consolidates core business" of EDF. I.e. "only be able to show the power around the world of French nuclear skills."On the project of reconciliation between the electrician and Veolia that Henri Proglio, Christine Lagarde has been more measured. "It will be seen on parts, place, and on the strategic plan" that he would propose to implement.

Building international

Sites abound, starting with the international. In the last twelve months, EDF bought British British Energy to 13.5 billion euros and launched a project of joint venture with the American Constellation for $ 4.5 billion. These projects have a goal: develop EPR nuclear reactor international. But about 5 billion euros by reactor, it will have a cost. The society can, and want it, take it as it seeks to HDTV

At the same time, the electrician will continue its program of investments in France, with a coup de collier particularly in distribution and transportation networks, and the lengthening of the life of existing nuclear power plants. The priority will not only catch up with delays in investments of the past ten years, but also to improve the availability of the French nuclear Park. Indeed, despite many efforts, it remains lower than that of its rivals.

But the more urgent subject, in addition to the finalization of the project with Constellation, will be to accompany the reform of the market of electricity in preparation by the Government. It is for EDF to sell its nuclear energy to its competitors while allowing the French to maintain the competitive advantages of nuclear power. Defend price advantageous wholesale to his group will be the first arm of iron of Henri Proglio with the State, its majority shareholder.