The German cabinet plans to approve a draft law on August 3 that will require its utilities to pay billions of euros into a state fund to help cover the cost of nuclear storage, according to an Economy Ministry timetable seen by Reuters on Monday. A commission recommended in April that Germany’s “big four” power firms – E.ON, RWE, EnBW and Vattenfall – pay a total 23.3 billion euros ($26 billion) to remove unwanted long-term liability for the storage of nuclear waste. The commission asked utilities to transfer provisions set aside for storage sooner than expected, starting with a first instalment totalling 17.2 billion euros no later than early 2017. The government is widely expected to adopt the commission’s proposals.
Reuters 30th May 2016 read more »