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Friday
Oct042013

Brit government claims nuclear deal with EDF very close

The Tory-Liberal Democrat coalition government in Britain is inching closer to a deal with French government utility EDF to build new reactors in that country. Energy Minister, Michael Fallon, says a deal is now weeks away, although negotiations have been dragging on for months as EDF seeks a ratepayer-gouging subsidy to fund construction of a reactor at Hinkley, Somerset, possibly followed by a second one at Sizewell in Suffolk. Both projects have faced vociferous opposition. The subsidies could cause electricity rates to sky-rocket.