nuclear-news

Even if they go ahead, dubious profitability for Germany’s old nuclear plants

E.On: tax eats profits from nuclear extension-paper   Reuters, FRANKFURT, Sept 12 – E.On EOGn.DE says taxes will eat up between half and two thirds of all profits generated from extending the lifespan of nuclear power stations in Germany, Frankfurter Allgemeine Sonntagszeitung said on Sunday.”The state will definitely take more than half and combined with the nuclear fuel tax likely cash in two thirds,” E.On CEO Johannes Teyssen said in an interview with the paper.New tax measures are set to be introduced as part of a deal struck between the utilities and the German government earlier this month to extend the operating lifespan of 17 nuclear power plants, giving reactors an extension of about 12 years on average. …….E.On: tax eats profits from nuclear extension-paper | Energy & Oil | Reuters

September 13, 2010 - Posted by Christina Macpherson | business and costs, Germany | AUSTRALIA, nuclear costs, nuclear spin, reactors