EDF Energy and Hinckley Point

I hear on the news that EDF is thinking of pulling back on the build of the new reactors at Hinckley Point due to concerns over financial pressures.

This illustrates, to me, the folly of privatising critical national infrastructure and, especially, making it open to overseas competition and investment. This reactor is needed to stop the lights going out given the closure of large chunks of the UK's baseline electricity generation capacity, both coal fired and nuclear, in the next few years. Yet we have left the go/no go decision in the hands of companies whose first and second priorities are its own shareholders, and its domestic considerations, respectively. The UK's requirements come a poor third.

Also, if EDF goes belly up, as seems possible, doubtless its portfolio will be picked up by rivals. What chance they would be interested in this bit, and even if it attracts a buyer what if we don't like whoever bids for it, Gazprom, perhaps?

I'm not a socialist, but time to renationalise, perhaps?

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EDF Energy and Hinckley Point