A spokeswoman for French utility Veolia Environnement SA (VE) confirmed the company's financial guidance Friday, following market chatter that it may be preparing to downgrade it.

Veolia's 2009 objectives are to generate positive free cash flow after payment of dividend, and operating cash flow after deduction of net investments of approximately EUR2 billion at constant exchange rates.

-By Adam Mitchell, Dow Jones Newswires, +33 1 40171756; adam.mitchell@dowjones.com