EDF Hit by EU Subsidy Probe Into €73 Billion Nuclear Plans

Electricite de France SA faces an in-depth probe by European Union competition enforcers into a €72.8 billion ($83.5 billion) plan to built six nuclear reactors backed by the French government.

The European Commission said Tuesday it will check whether the financing may give state-owned EDF an unfair advantage — even though initial findings show the project is “necessary” and contributes to “security of supply and decarbonization.”