State Won't Pay For Nuclear Decommissioning - Germany

Posted by Joseph R. Fonseca
Sunday, May 18, 2014
Angela Merkel

Germany's economy minister has joined Angela Merkel in rejecting talk that utilities might hand over responsibility for decommissioning Germany's nuclear power plants to a new public entity, as the projected costs of decommissioning rise.

"It should not be tax payers who pay for the clean-up of atomic waste but rather those who made money for decades through running nuclear power stations,"Sigmar Gabriel told the newspaper Bild am Sonntag in an interview published on Sunday.

Two sources told Reuters last weekend that utilities were in talks with the government about setting up a "bad bank" for nuclear plants, in response to Chancellor Angela Merkel's decision to close them all by 2022 after the Fukushima disaster.

The foundation would use provisions earmarked by the nuclear plant operators but would also take on the risk of unforeseen extra costs, effectively capping the utilities' liability.

The Environment Ministry said last week the utilities bore full responsibility for safely decommissioning and dismantling the nine nuclear power plants still on the grid.

One of the sources had told Reuters that if the state takes over responsibility for the decommissioning, the utilities might be willing to drop their legal claims against the government for compensation for having to shut the plants.

The four operators of nuclear plants in Germany - the German companies E.ON, RWE and EnBW and Sweden's Vattenfall - have set aside total provisions of around 36 billion euros ($50 billion) for dismantling the plants and disposing of nuclear waste.

Germany's Spiegel magazine reported on Sunday that government experts predicted a possible shortfall of 3.5 billion euros for the clean up, as costs had risen sharply.

(Reporting by Alexandra Hudson; Editing by Larry King)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Cautious Optimism on Pacific NorthWest LNG Report

Canadian Environmental Assessment Agency (CEAA)  has ruled that Pacific NorthWest LNG’s project in British Columbia would likely harm harbour porpoises and contribute to climate change,

UPS Oposes CP-NS Merger

UPS, one of North America’s largest intermodal shippers, has told federal regulators that it is against Canadian Pacific Railway's (CP's) proposed acquisition of Norfolk Southern Corp.

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

Finance

Brazil's CEEE to sell stakes in Wind Farms, Dams

Brazil's Companhia Estadual de Energia Elétrica (CEEE), a power utility controlled by the state of Rio Grande do Sul, will sell assets including stakes in wind farms,

DP World Bolsters Investment in India

DP World Pvt. Ltd, the world’s fourth biggest container port operator majority owned by the Dubai government, has plans to invest over $1 billion in India for augmenting its port-related operations.

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

Energy

Libyan Navy Seizes Foreign Tanker

Libyan naval forces have seized a Sierra Leone-flagged oil tanker on suspicion of illegally entering Libyan waters in an attempt to smuggle gasoline, authorities said on Saturday.

Brazil's CEEE to sell stakes in Wind Farms, Dams

Brazil's Companhia Estadual de Energia Elétrica (CEEE), a power utility controlled by the state of Rio Grande do Sul, will sell assets including stakes in wind farms,

Premier Oil and Rockhopper Abandon Ocean Rig Contract

Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW.

News

Libyan Navy Seizes Foreign Tanker

Libyan naval forces have seized a Sierra Leone-flagged oil tanker on suspicion of illegally entering Libyan waters in an attempt to smuggle gasoline, authorities said on Saturday.

Berlin film "Fire at Sea" shows Horror of Refugee Crossings

* Movie highlights tragedy of migrant crisis * Filmed mainly on Italian island of Lampedusa * Interleaves lives of islanders with refugees * Film competing for

BRP Wins Industry Award for Rotax Innovation

BRP’s Rotax Intelligent Shift and Throttle (iST) system was recognized by the National Marine Manufacturers Association (NMMA) with an Innovation Award in the Jet

People in the News

Berlin film "Fire at Sea" shows Horror of Refugee Crossings

* Movie highlights tragedy of migrant crisis * Filmed mainly on Italian island of Lampedusa * Interleaves lives of islanders with refugees * Film competing for

Brazil's CEEE to sell stakes in Wind Farms, Dams

Brazil's Companhia Estadual de Energia Elétrica (CEEE), a power utility controlled by the state of Rio Grande do Sul, will sell assets including stakes in wind farms,

N.E. Fishermen Warned of Extreme Cold, Wind Chills

The Coast Guard is urging the Massachusetts and Rhode Island fishing fleet to take caution heading into the weekend when life threatening temperatures and wind chills are forecasted.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0035 sec (286 req/sec)