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Germany’s “big four” utilities liable for nearly 40 billion euros for nuclear waste storage

Nuclear commission proposes firms transfer cash by 2022 to pay for clean-up http://af.reuters.com/article/commoditiesNews/idAFB4N10000F  Feb 22, 2016 BERLIN  (Reuters) – Germany’s utilities will have to transfer provisions set aside to pay for the interim and final storage of nuclear waste to a fund in cash by 2022, according to a draft report from a government-appointed committee seen by Reuters on Monday.

The report recommends that Germany’snuke-reactor-dead— E.ON, RWE, EnBW and Vattenfall — remain liable for the cost of up to double the 18 billion euros ($19.8 billion) allocated so far to pay for interim and final storage.

The companies will also have to set aside a further 1.3 billion euros in provisions, according to the report which is due to be presented at the end of the month. ($1 = 0.9084 euros) (Reporting by Markus Wacket; Writing by Caroline Copley; Editing by Christoph Steitz)

February 25, 2016 - Posted by | decommission reactor, Germany

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