(Bloomberg) -- Electricite de France SA cut its forecast for French nuclear output as the country still could face a power-supply crunch this winter.
The forecast was cut to between 295 and 315 terawatts-hour, from a range of 300 and 330, according to a statement Monday.
The lower output forecast may boost European power prices in France and neighboring countries, and add pressure on EDF’s earnings, which are already undermined by a price cap introduced by the French government.
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