The extension would add value to the biggest nuclear operator by improving its earnings and cutting debt, according to Louis Boujard, an analyst at Banco BPI SA. EDF rose 2.2 percent to 25.05 euros by the close in Paris. The impact of a lifespan extension would be positive on recurring earnings potential of EDF and would trigger a further deleveraging of the company, Boujard said in a note. Extending to 51 years would add 5 euros a share to the company, he said. The valuation would increase by 13.8 euros a share with an extension to 50 years, Martin Young, an analyst at RBC Capital Markets , said in a report last month, though that effect would be lowered by benefit sharing with the state or customers. Increasing Renewables The nuclear activity of EDF through amortizations that are already over long periods will provide sums that could be used by the state as shareholder, Minister Martin said. Funds may help boost French energy efficiency and renewables, he said. The Commission de Regulation de lEnergie regulator said in a study in June that extending amortization would have large and lasting consequences for electricity production costs as well as a one-time financial advantage for the utility. Amortization was pushed to 40 years from 30 years in 2003. An extension to 50 years would allow EDF to cut provisions, the regulator said. It may also curb state-set tariff increases. While EDF is seeking to operate its French reactors for 60 years, the regulatory system doesnt allow for the government to simply extend the operating lives. Autorite de Surete Nucleaire , the atomic regulator, carries out in-depth inspections on each reactor every 10 years, granting permission on a case-by-case basis depending on its findings. The regulator is also able to order the shutdown of a reactor on safety considerations. We are a long way from making a decision on extending beyond 40 years, Pierre-Franck Chevet, head of the ASN, told parliament in April.
Soccer-World Cup playoff seeding unfair, say France
But once again, the most important thing is the team, not me,” the Real Madrid striker said. “It had been a while. I’m very happy but it’s not just about my goal. You have to talk about the match, how spectacular it was. If it was 6-0 then that’s down to the whole team.” Benzema remains under pressure, however, and in the last two games has lost his starting place to Arsenal’s Olivier Giroud, who scored twice and led the line brilliantly against the Australians with his touch and link play. “Giroud must take credit,” Deschamps said. “He started against Belarus and yesterday, and he also scored.” Giroud said in an interview leading up to the game that he felt he had earned the right to start at No. 9. “We scored six, that’s why I’m smiling today, and because I scored twice. I won’t lie,” Giroud said. “I have a lot of belief in this team.” Giroud clearly thrived with the recalled Samir Nasri playing behind him in a playmaker role – like when Giroud scored on his debut against Germany in February, 2012. But with a goal and three assists, Franck Ribery underlined his status as France’s inspirational player. The 30-year-old winger is in the best form of his career for Bayern Munich and France is reaping the benefits. However, that does make France look a bit predictable at times, as many of the attacks stem from the left, where Manchester United defender Patrice Evra likes to combine with Ribery. “He’s one of the best players in the world, and the more he gets on the ball the better,” Deschamps said.
The playoff seeds will be determined by FIFA rankings and 25th-placed France face a likely clash with another big footballing nation. Les Bleus believe the system is flawed because fewer ranking points were available in five-nation Group I while the other sections all contained six teams. “We’re going to contact (FIFA),” French Federation president Noel Le Graet told the radio station RMC. “There is a little injustice between the group of five and the groups of six. “Our rivals from other groups have been able to score more points … that’s a fact.” Asked if he had discussed the issue with Le Great, coach Didier Deschamps said he was not aware of a potential appeal. “I don’t know if my president will bring the case,” he told a news conference at Stade de France. “I wouldn’t go that far in saying there’s an injustice but the fact is that we are sanctioned,” he added. “I see it from my position, from an ethical point of view. It’s already complicated to be in a group of five and we also lack some points.” Captain Hugo Lloris also found it hard for a team who won the 1998 World Cup and reached the final in 2006 not to be seeded although he recognised it was up to the players to improve the rankings. “It shows us how much work we have to do. France should be seeded because of their history,” he said.