Things like this can only help the long term U price......

Things like this can only help the long term U price...

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BRUSSELS—European regulators approved on Wednesday the construction of the Hinkley Point nuclear power plant in the U.K., in a move that could pave the way for similar projects across Europe.
The European Commission demanded changes to the original project agreement to give taxpayers a larger slice of the profits of what will be Europe’s largest infrastructure project, but key terms of the deal were left unchanged.
French utility giant Electricité de France SA, EDF.FR +0.68% Hinkley’s operator, will be allowed a guaranteed so-called strike price, ensuring stable revenues for 35 years. It will also get the backing of the U.K. government for any debts incurred during the construction of the £17.6 billion project.
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• EU Regulators Approve New U.K. Nuclear Plant

Getting the green light from the European Union’s executive arm, ends months of negotiations over the fate of the project. The Commission, which is the EU’s competition watchdog, had set out an extensive list of concerns in January over potential breaches of state-aid regulations for the financing of the plant.
“After the Commission’s intervention, the U.K. measures in favor of Hinkley Point nuclear power station have been significantly modified, limiting any distortions of competition in the Single Market,” the EU’s competition chief Joaquín Almunia said. “These modifications will also achieve significant savings for U.K. taxpayers.”
The U.K. has argued that Hinkley is vital to avert a future energy crunch and to promote low-carbon energy. Hinkley’s two reactors will cost £8 billion each and are forecast to supply enough power to supply 7% of Britain’s homes for 60 years.
Hinkley will be Europe’s first new nuclear plant since Japan’s Fukushima disaster in 2011.