Similarly, the world’s largest nuclear operator – the French state-controlled utility Électricité de France – announced its impending withdrawal from nuclear power in the US, after having sunk roughly $2 billion into aborted projects. And, in order to help offset soaring operating costs, which resulted in losses of €1.5 billion ($2 billion) last year, EDF will raise electricity prices this year for its French customers by 5%, on average, and by another 5% next year.