“How German utilities could pay their billion-euro bills”

Bloomberg highlights some of the ways the individual big German utilities could find the money needed to free themselves of the responsibility for storing nuclear waste. It comes after last week’s federal cabinet decision that sees nuclear power plant operators pay a total of 23.6 billion euros into a state-administered fund. “For the largest part of the sum reserves were built, but the utilities also have to finance a risk surcharge of 6.2 billion euros,” write Tino Andresen and Weixin Zha for Bloomberg. The utilities might have to sell parts of their operations to be able to shoulder the additional costs, write Andresen and Weixin.

Read the article in German here.

For background, read the CLEW factsheet Securing utility payments for the nuclear clean-up and the CLEW article German utilities buy out of nuclear waste liability for 23.6 bln euros.