EDF had to be bought by the state because it failed to make any profits. The price of nuclear power in France is regulated, which is why EDF failed to make profits. The actual cost for EDF to produce power is secret. The financials leave zero room for new construction, barely cover maintenance and there is insufficient money for decommissioning existing plants.
EDF was bought out by the state because the state had been siphoning off all its profits.
> The price of nuclear power in France is regulated, which is why EDF failed to make profits.
Exactly. Cheap nuclear electricity was used for decades to subsidize all sorts of industries and endeavors, never allowing EdF to actually profit from the cheap generating capacity.
