Électricité de France (EDF) – the country's main electricity generation and distribution company – manages the country's nuclear power plants. EDF is substantially owned by the French government, with around 85% of EDF shares in government hands. 78.9% of Areva shares are owned by the French public sector company CEA and are therefore in public ownership. EDF remains heavily in debt. Its profitability suffered during the recession which began in 2008. It made €3.9 billion in 2009, which fell to €1.02 billion in 2010, with provisions set aside amounting to €2.9 billion. The Nuclear industry has been accused of significant cost overruns and failing to cover the total costs of operation, including waste management and decommissioning.
Électricité de France (EDF) – the country's main electricity generation and distribution company – manages the country's nuclear power plants. EDF is substantially owned by the French government, with around 85% of EDF shares in government hands. 78.9% of Areva shares are owned by the French public sector company CEA and are therefore in public ownership. EDF remains heavily in debt. Its profitability suffered during the recession which began in 2008. It made €3.9 billion in 2009, which fell to €1.02 billion in 2010, with provisions set aside amounting to €2.9 billion. The Nuclear industry has been accused of significant cost overruns and failing to cover the total costs of operation, including waste management and decommissioning.