German Utilities Want Public Body To Shut Nuclear Plants

Posted by Joseph R. Fonseca
Sunday, May 11, 2014
Germany's Nuclear plant at Grafenrheinfeld

 

German utilities are in talks with the government about handing over responsibility for decommissioning the country's nuclear power plants to a public foundation, two sources familiar with the proposals said on Sunday.

This so-called 'bad bank' for nuclear energy would take over Germany's nuclear plants, which the government decided should be all closed by 2022 following the Fukushima disaster in Japan three years ago.

"Talks are being held with the German government," a person familiar with the plans told Reuters, adding the talks were at a very early stage.

"Nothing has been decided yet," the source said, following a report in German magazine Der Spiegel earlier on Sunday.

This foundation could take care of their decommissioning, using the funds which would be brought in by the utilities.

The four operators of nuclear plants in Germany - E.ON , RWE and EnBW and Sweden's Vattenfall - have made total provisions of more than 30 billion euros ($41.27 billion) for the dismantling of the plants and the disposal of nuclear waste.

The proposed public foundation would take care of the plants' decommissioning using funds from these provisions, the sources said.

If there was a deal the utilities might be willing to drop their legal claims against the German government for compensation for having to shut the plants, one of the sources said.

"It would create a situation where utilities could outsource the risks to the government, foregoing some of their damage claims in return," the person said.

E.ON. RWE and EnBW declined to comment. The German Ministry of Economy and Energy said it did not know of such a proposal and declined to give any further comment.

(Reporting by Tom Käckenhoff and Christoph Steitz; Writing by Harro ten Wolde; Editing by Greg Mahlich)

($1=0.7269 euros)

Maritime Today


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

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

Contracts

Diana Charters Out Two Bulkers

Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Bunge S.A., Geneva, for one of its Panamax dry bulk vessels,

Haven Marine Signs Service Contract with Svitzer

Haven Marine Services informs it has signed a five year contract with Svitzer which will see the yard service the requirements of Svitzer’s vessels within the Bristol Channel and Irish Sea areas.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Legal

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Gender Identity Spat Sinks Spending Bill

The rancorous political debate over sexual identity unexpectedly prompted the Republican-controlled House of Representatives to rejected an energy and water spending

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

Environmental

US Navy Updated Zika Virus Infection Guidance

Navy Medicine released updated Zika Virus Infection guidance in NAVADMIN 121/16, May 26, communicating current information, travel precautions, and risk reduction

Seaspan Acquires Eighth 14000 TEU Vessel

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 14000 TEU containership, the YM Width. The new containership, which was constructed at CSBC Corporation,

GloMEEP Project Forges Ahead with Train-the-Trainer Workshop

A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy

Energy

Strike In France: Implications for Tanker Demand

After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing

Floating Storage Flattens Fortunes of $50 Crude

The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism,

GloMEEP Project Forges Ahead with Train-the-Trainer Workshop

A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy

News

Deployment: The Transpacific Trade Steps Up To The Plate

In 2015, it was the Asia-Europe route which was the focus of changing deployment trends, says Clarksons Research.   This year, it is the Transpacific trade which

US Navy Updated Zika Virus Infection Guidance

Navy Medicine released updated Zika Virus Infection guidance in NAVADMIN 121/16, May 26, communicating current information, travel precautions, and risk reduction

CBP, AMO Unveils New Interceptor Vessel

U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO) and SAFE Boat International celebrated the unveiling of AMO’s newest coastal interceptor vessel (CIV) Thursday.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
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: 0.1784 sec (6 req/sec)