The EDF Group: a Société Anonyme, a French limited company
From a Public Industrial and Commercial Establishment (EPIC) to a limited company (SA)
Since its creation in 1946 (French Law no.46-628 dated April 8, 1946), EDF has had the legal status of an EPIC (a Public Industrial and Commercial Establishment).
The law dated August 9, 2004, relating to the public electricity and gas service and to gas and electrical companies, as well as its application order (Official Journal dated November 19, 2004) converted the EDF Group into a Société Anonyme, a French limited company governed by a Board of Directors. Its Chairman and Chief Executive Officer is appointed by the French Council of Ministers following the proposal of the Board of Directors.
The status of limited company gave EDF the possibility of opening up its capital to a maximum of 30% in order to support development.
With this new legal status, EDF's businesses are no longer limited to those covered by its former EPIC status. EDF has now broadened its commercial offer beyond the sole supply of electricity.