Even if it is propped up with extensive government subsidies or full cost-recovery from ratepayers, the "Evolutionary Power Reactor" (EPR) - which the French government-controlled utility, Electricite de France (EDF) plans to deliver for the troubled Calvert Cliffs-3 project and other sites in the United States - is "in crisis" to such a severe extent that it is likely to be an economic failure, according to a new report by University of Greenwich Professor of Energy Studies Stephen Thomas. "From a business point of view, the right course for EDF and Areva seems clear. They mut cut their losses and abandone the EPR now," Thomas concluded. (Photo: EPR the great bluff, by Greenpeace). Read the full report.