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Utilities sue over German government's nuclear tax
Published in Saudi Press Agency on 22 - 06 - 2011


Germany's two biggest utilities have sued the
German government, arguing that a tax on nuclear fuel rods is illegal
now that nuclear energy is destined for an early phaseout, dpa quoted executives
as saying Wednesday.
Berlin has budgeted revenue of 1.3 billion euros (1.9 billion
dollars) annually from the tax, which was introduced last year.
Utilities allege they accepted it as part of a political deal last
autumn to extend the lives of nuclear power plants, a deal from which
Berlin has now backed away.
In an about-face, Chancellor Merkel's government decided after the
Fukushima radioactive releases in March in Japan that nuclear power
was unsafe. Under a planned bill, all the power plants must close by
2022.
Essen-based RWE filed suit in a Munich court after its next
instalment of tax fell due with the replacement of fuel rods at its
Gundremming nuclear plant in Bavaria state.
A tax is payable according to the energy yield of each rod of
uranium, the source of the nuclear fission that creates heat to drive
the plants' steam turbines.
The minority owner of the plant, energy major Eon with 25 per
cent, assented to the suit, RWE executives said.
RWE is expected to launch a financial reorganization because of
the partial loss of its investment in its nuclear plants, which must
be powered down and demolished long before their useful lives end.
If confirmed it was offering for sale 75 per cent of its power
distribution subsidiary Amprion, but declined to comment on news
reports that a buyer was in waiting and that the sale was likely to
raise nearly 1 billion euros in cash.
Amprion operates 11,000 kilometres of high-voltage lines.


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