Germany’s largest utility E.ON is ready to accept a deal proposed by the government that makes nuclear power plant operators pay for a significant portion of the phase-out of nuclear energy in the country, Handelsblatt has learned, making it the first major utility to signal its willingness to cooperate. The move comes two weeks after a government-backed commission proposed that utilities pay a total of €23 billion, or $26 billion, into a publicly-managed fund, which will cover the cost of the long-term storage of nuclear waste. The plan solicited resistance from Germany’s four largest utilities E.ON, RWE, EnBW and Vattenfall, which have so far only set aside €17 billion to cover the cost of the phase out.
Handelsblatt 10th May 2016 read more »