Ukraine fallout pushes French nuclear giant EDF into historic loss

EDF reported one of the biggest losses in French corporate history Friday, as fallout from the Ukraine war and idling nuclear reactors spelt financial disaster for the state-controlled energy giant.

Earnings and debt both worsened dramatically in 2022 as EDF struggled with a drop in electricity output after shutting down a big chunk of France’s nuclear plants to fix corrosion problems, and a heatwave reduced hydro-power production.