Engie SA (OTCPK:ENGIY)

$ 17.05 0.08 (0.47%) Market Cap: 41.36 Bil Enterprise Value: 79.77 Bil PE Ratio: 18.21 PB Ratio: 1.28 GF Score: 83/100

Engie SA to Discuss Interim Agreement on Belgian Nuclear Call Transcript

Jun 29, 2023 / 08:00AM GMT

Release Date Price: $16.27 (+3.70%)

Transcript

Operator

Good morning, everyone. It's my pleasure to welcome you to Engie's conference call. Shortly, Catherine and Pierre-Francois will present the interim agreement on Belgium nuclear, following which we will open the lines to Q&A, and with my polite request of limiting your questions to one or 2 only, please. And with that, over to Catherine.

Catherine MacGregor

Engie SA - CEO & Director

Good morning, everyone. I'm very happy to announce this morning that we have reached an interim agreement with the Belgian government for a 10-year extension of our 2 nuclear reactors and for a fixed amount which will cover all of our Belgian nuclear waste liabilities.

With this agreement, we accomplished 2 major objectives. For Belgium, it supports the security of supply over a crucial period of time. For the group, it eliminates what has been a long-standing known unknown, removing uncertainty over the future direction of all of our nuclear waste liabilities. For both sides, it is also a new era of collaboration in the interest of Belgian citizens and Engie

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