The French government plans to fully nationalize the debt-laden Électricité de France, the sixth largest publicly traded company in France and operator of the 56-unit French nuclear reactor fleet. Currently, EDF is 84 percent state owned.

Energy prices surged across Europe recently as markets were stricken by reduced output from wind turbines. Low supplies of natural gas had already boosted the cost of the gas–powered generation required to make up for dips in renewable energy sources. The result: a series of dire headlines, soaring prices for natural gas, and the startup of idled coal power plants.