Germany’s nuclear operators could face only limited long-term liability for the costs of the country’s nuclear phaseout, according to a paper from a government-appointed commission seen by Reuters on Thursday. The paper indicates that the commission took on board concerns of the four utilities – E.ON, RWE, EnBW and Vattenfall – which have earmarked nearly 40 billion euros in provisions to pay for the dismantling and storage of waste from their nuclear plants. The last plant will be closed in 2022. Worries over their financial health have raised fears that the companies may be unable to turn the provisions – including some illiquid assets – into liquid funds, eventually leaving taxpayers to foot some or much of the bill. The paper said an unlimited liability would lead to excessive demands being made of the operators and that this would ultimately not be beneficial to society.
Reuters 18th Feb 2016 read more »
The massive expenditure of billions proposed for a new Trident should be spent on the real needs of our people and the planet. March with us for a nuclear weapon-free world on February 27, urges BRUCE KENT
Morning Star 20th Feb 2016 read more »