[Machine Translation] How difficult the verdict on the nuclear phase-out is to be understood, showed up on Tuesday at the Börsenenkurs of RWE. After the first urgent reports spread that the Federal Constitutional Court had granted the nuclear power plant operators a claim for compensation, the share of the electricity company increased by almost 5 percent. But by the afternoon much of this profit had disappeared. Investors have also noticed that the nuclear power plant operators are at most a fraction of their demands, which were originally at 19 billion euros. How much it will be exact, on Tuesday neither the complaining corporations nor the defendant federal government wanted to express itself. “A precise analysis of the judgment cannot be made on the amount of compensation claims,” explained RWE. However, an upper limit can already be seen in the judgment. After all, the electricity which the companies were allowed to produce after the old nuclear phase-out of red-green would have to be compensated by the new exit of black-and-yellow. This has a value of 160 million euros on the stock market; Less than half the costs of production.
Taz 6th Dec 2016 read more »
The ruling suggests that utilities will only be able to recoup a fraction of the 19 billion euro maximum (16.01 billion pounds) of damages they are seeking, while actual payments could take years due to lengthy court cases that are expected to follow.
Reuters 6th Dec 2016 read more »
Germany’s highest court has ruled in favor of three power companies in a dispute over a government decision to phase out nuclear energy. The companies claimed compensation for shutting down their expensive plants.
DW 5th Dec 2016 read more »
Germany’s highest court on Tuesday upheld the government’s decision in 2011 to shut its nuclear reactors ahead of schedule, but it ruled that power companies must be compensated for losses incurred as a result of that decision. The ruling by the Federal Constitutional Court in Karlsruhe brings to an end a long, bitter dispute between the government of Chancellor Angela Merkel and German power companies on the decision in 2011 to abandon nuclear power in the wake of the nuclear disaster in Fukushima, Japan.
New York Times 6th Dec 2016 read more »
BBC 6th Dec 2016 read more »