Comment by derriz

> It was nationalized to force it build new reactors despite demand not growing enough

It was nationalized because it had suffered record losses in the previous year and was struggling with a ballooning debt mountain of 65B euro. The French government didn’t need to nationalize it to control its strategic direction - it already owned 84% of it. That was the press release claim in order to present the bailout as “strategic”.

And the point was to address the gp’s claim that nuclear was profitable. Profitable enterprises don’t lose 18B a year or suffer financial instability due to a debt mountain on their balance sheets.

> You didn't understand the electric cap in France.

I don’t see how you drew that conclusion - the reactor needs to earn €138 per MWh (that’s the middle estimate not the worst case which is €180 per MWh). But the most it can earn is €70/MWh due to The cap? You’re just restating what I said. This reactor will be deeply unprofitable for its entire life.