EDF confirms new finance chief amid fresh legal threats

EDF has confirmed Xavier Griffe as its new Finance Director, a position he had been filling on an acting basis since Thomas Piquemal resigned in March over his concerns over the costs of the Hinkley Point C project.

The confirmation perhaps paves the way for the company to push forward to a final investment decision. However, that is likely to require fresh support from the French Government for the company (which the Government appears willing to give) and this has given rise to fresh threats of legal challenge. The first of these comes from the EDF works council which is demanding that it should be consulted on the decision. Secondly Greenpeace and Ecotricity have written to Chancellor George Osbourne and Energy Secretary Amber Rudd demanding that no go ahead is given to the project until any further support from the French Government is cleared by the European Commission. They are basing their case on legal opinion they have obtained that this would represent illegal state aid.