Germany is willing to shield its utility companies from the risks of rising costs linked to the country’s nuclear exit, according to a draft report from a government-appointed committee seen by Reuters on Monday. The report recommends that Germany’s “big four” utilities — E.ON, RWE, EnBW and Vattenfall — transfer the provisions set aside to pay for interim and final storage of nuclear waste in cash to a government — controlled fund by 2022. In addition, the committee has raised the possibility that the power companies remain liable for up to €36 billion ($39.7 billion) in costs for storage. Up to now the utilities have set aside around 18 billion for this.
Business Insurance 22nd Feb 2016 read more »
Reuters 22nd Feb 2016 read more »