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Court hearing – clash between German Govt and nuclear utilities

German utilities, government clash at nuclear court hearing  Reuters 14 Mar 16 

*Gov’t confident it will win the case -Minister

* Utilities could claim as much as 19 bln euros

* Final decision to take several months (Recasts, adds comments from RWE, Minister, graphic)

By Christoph Steitz and Tom Käckenhoff KARLSRUHE, Germany, German power firms and government members clashed at a court hearing over the country’s controversial decision to shut down all nuclear plants by 2022, a lawsuit that could allow utilities to claim 19 billion euros ($21 billion) in damages.

In a case that pits a struggling energy industry against the government, Germany’s Constitutional Court will examine the arguments of E.ON, RWE and Vattenfall , who want to be compensated for the closure………

March 16, 2016 - Posted by | Germany, Legal

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