“Painfully ticked off”

Six years after Germany resumed plans for a quick nuclear exit, there is a still question over whether funds put aside by nuclear plant operators for a final nuclear waste repository will be sufficient, Bernd Freytag writes in an opinion piece for Frankfurter Allgemeine Zeitung. Freytag describes the uncertainty as demonstrating “the whole madness of [German] energy policy.” How the utilities will fare under the liability is clear from a glance at EnBW’s balance sheet, however. With 1.8 billion euros in losses, the state and municipalities who own the company will have to waive their dividend, employees part of their salary and EnBW part of its capital stock, Freytag writes.