German utilities may have to make hefty payments on top of provisions made to cover the costs of storing nuclear waste, three members of a commission responsible for safeguarding the funds told Reuters on Tuesday. The country’s four biggest power utilities, comprising E.ON , RWE, EnBW and the German business of Sweden’s Vattenfall, have set aside about 39 billion euros ($44 billion) to finance the dismantling of nuclear stations and storage of contaminated components. Fearing that utilities could buckle under the weight of the financial burden and fail to come up with the funds, Berlin has set up a commission to protect the money, most likely through a government-controlled fund to cover storage operations, the most complex element of the country’s nuclear exit. About 17.3 billion euros will be needed just to cover interim and long-term storage and the commission sources said that a surcharge of between 30 percent and 100 percent of that amount is being discussed.
Reuters 22nd March 2016 read more »