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0.000220288578037185 0.000275360722546442 -0.00121158717920475 -0.00115651503469549 -0.00220288578037232 -0.00351360281969383 -0.00677387377464473 -0.00925212027756364
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TotalEnergies and EDF Sign a Long-Term Partnership to Secure Low-Carbon Electricity Supply for TotalEnergies’ Refining & Chemicals Sites in France

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: Business Wire
PARIS--(BUSINESS WIRE)--Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), and Bernard Fontana, Chairman and Chief Executive Officer of the EDF Group, today signed a Nuclear Production Allocation Contract (Contrat d’Allocation de Production Nucléaire – CAPN) for a duration of 12 years, starting on January 1, 2028.Under this agreement, EDF will allocate to TotalEnergies a share of the output of its operating nuclear fleet. This allocation will enable TotalEnergies to cover around 60% of the electricity needs of its refining and chemicals sites in France, estimated at 400 MW.This contract will allow TotalEnergies to benefit from the competitiveness of nuclear power generation, while enabling EDF to share the risks and costs associated with the variability of this production. EDF will remain solely responsible for the operation of its assets.Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, said: “I am deli Show less Read more
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