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German government negotiates successfully with nuclear companies over costs of wastes.

flag_germanyGermany Cuts Deal With Nuclear Power Companies Over Waste Costs  Government, companies seek to put ceiling on costs related to disposal of radioactive waste, WSJ,  By  ZEKE TURNER Dec. 12, 2016  BERLIN—The German government has cut a deal with the nuclear power companies operating in the country that would guarantee them a ceiling on costs related to radioactive waste, lawmakers said Monday.

negotiation

Germany’s E.ON SE, RWE AG, EnBW AG and Sweden’s Vattenfall AB already set aside about €17 billion ($18 billion) to finance the disposal of radioactive waste after the government moved to ban nuclear power five years ago.

Under Monday’s deal, they would pay an additional €6 billion into a public fund but be off the hook for any further payments if the cost of processing the radioactive material were to balloon out of control in the decades to come, as many experts fear.

 The companies have also agreed to drop some of the lawsuits they filed against the government after the nuclear ban……..The deal announced by lawmakers from the CDU, its coalition partner Social Democrats and the opposition Greens party is the latest round in a recent rapprochement between the nuclear energy industry and the government.

Following a debate and vote on Thursday morning in the Bundestag, the government will negotiate the details over the fund’s capitalization with the companies……..http://www.wsj.com/articles/germany-cuts-deal-with-nuclear-power-companies-over-waste-costs-1481567999

December 14, 2016 - Posted by | Germany, politics

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