– Edited By Tom Lamar –
German utility E.ON AG has welcomed, in principle, the compromise reached on an extension of the operating licenses of nuclear power plants in Germany, but said the concrete implications of this compromise still need to be examined for each plant.
MAIN FACTS:
-The compromise meant considerable burdens for E.ON in the form of taxes and charges and the concrete implications still needed to be examined.
-"With this decision, the German government has made it clear, that nuclear energy will continue to be needed for some time as one of the main pillars of our energy policy," said Chief Executive Johannes Teyssen.
-Arithmetically, the government decision means that the operating lives of E.ON's nuclear power plants Isar 1 and Unterweser will be extended by 8 years each, and those of Grafenrheinfeld, Grohnde, Brokdorf and Isar 2 by 14 years each.
-"On the whole, the government had tightened the screws quite considerably and would skim off most of the windfall profits," E.ON said, adding the concrete effects and entrepreneurial consequences of this political decision still needed to be analysed in detail.
-The longer-than-expected lifetime extension are per the existing high safety standards (no changes).