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Germany’s nuclear power industry not happy with uranium fuel tax

German Minister:Fuel-Rod Tax Tied To Nuclear Extension – WSJ.com By Jan Hromadko   BERLIN (Dow Jones), 1 July 2010, –The German government’s proposed tax on nuclear energy will be linked to a planned extension of reactor operating lives, deputy economic minister Jochen Homann said Wednesday.
“The economic minister [Rainer Bruederle] and his ministry assume that the proposed tax on nuclear fuel rods will be linked to an extension of nuclear reactor lives,” Homann told delegates at an energy conference in Berlin.

He added, however, that the details of the tax on nuclear fuel rods still need to be worked out by the finance ministry.

On June 7, the government announced plans to impose taxes on nuclear power-plant operators as part of a package of austerity measures in a bid to rein in public budget deficits.

The government expects the duty on nuclear reactor operators will contribute EUR2.3 billion in tax income a year to the package of austerity measures, with an overall volume of EUR81.6 billion between 2011 and 2014.

The government’s proposal has caused confusion in the energy industry as the announcement left open the question if the levy will be the price nuclear power-plant operators will have to pay for longer operating lives of their reactors………

Last weekend, Villis told weekly newspaper Die Welt am Sonntag that the fuel-rod tax could reduce EnBW’s annual profits by about 40%.

This month, RWE’s Chief Financial Officer Rolf Pohlig didn’t rule out cutting its dividend payments to shareholders if the tax were imposed.

UPDATE:German Minister:Fuel-Rod Tax Tied To Nuclear Extension – WSJ.com

July 1, 2010 - Posted by Christina Macpherson | business and costs, Germany | antinuclear, nuclear, nuclear costs, nuclear spin, nuclear technology, reactors, uranium