Résultats

I wonder if you agree with this proposal and if you have a price tag on this potential investment on stress testing nuclear in France... I think I would be surprised if we had assumed anything that would go beyond the law that was passed... we launched huge work and I have to say the ERDF team are doing fantastic modelling work for all the concessions in France in order to review if we still have to account for provisions for renewal or not.

I wonder if you agree with this proposal and if you have a price tag on this potential investment on stress testing nuclear in France... I think I would be surprised if we had assumed anything that would go beyond the law that was passed... we launched huge work and I have to say the ERDF team are doing fantastic modelling work for all the concessions in France in order to review if we still have to account for provisions for renewal or not.

First question, on RTE: I see on your press release that you say, if I quote, that the analysis of long term strategic perspective includes its involvement in RTE... Therefore I suggest that you wait for our next financial communication, happening in February 2016, for us to provide you with some additional colour on this, if we can.

First question, on RTE: I see on your press release that you say, if I quote, that the analysis of long term strategic perspective includes its involvement in RTE... Therefore I suggest that you wait for our next financial communication, happening in February 2016, for us to provide you with some additional colour on this, if we can.

If I move to the next slide... If I were to go one step further- that is my third question- would you be talking to the government regarding potential more robust regulation providing a floor and / or an investment framework for life extensions... if I am not mistaken, of EBITDA growth in H2... I was wondering if you could help us to bridge maybe what seems to be a cautious implicit guidance for H2 relative to what you have delivered in H1.

And if I may do a follow up on that and then we have during the Q1 talked to a number of companies, it being I don' t know Engie, Eon, Uniper, we can name the nuclear operators... If I may, a first one, I guess see the coverage ratio of your nuclear provisions by dedicated assets at the end of April seems quite positive.

So with that, I will conclude my update and as usual take questions from anyone later if necessary. Thomas Piquemal All right, thank you, Stuart... Three questions, if I may... If I understood correctly what you said, but I never said that... I wonder if you actually think that maybe the government is thinking about reviewing the whole formula again.

I hope that you will not be too disappointed and that most of you, if not all, will stay on the line... If I exclude this possible effect, here again, if I apply the math and the 5- 10 % growth on the 2011 net income of 3 .5bn... but I can today say that if we renegotiate the gas contract as anticipated and as we expect it to happen after the closing of the acquisition of the Delmi stake in TdE.

if you see what I mean... I just wondered if you could shed any light on your latest discussions with the authorities in France vis a vis developments of tariffs going forward and the Arenh price of the nuclear output... I would not speculate on what Centrica does or will not do and what if, if and when; this is speculation and I' m not here to speculate on any form of scenario.

I wonder if you see any fundamental link between the ARENH price level and the French wholesale prices... But again, if I confirm my guidance today, it' s because on the basis of the information I have, I feel comfortable... And if you allow me, I' de like to take a few minutes just to walk you through that.