Before 2011, nuclear power generated nearly 18% of the electricity in Germany. After the Fukushima Daiichi nuclear disaster in Japan, Germany elected to gradually shut down its nuclear reactors and stop generating electricity from nuclear power.
In response, the biggest utilities in Germany sued the government for billions of Euros in compensation.
E.ON and RWE, the two largest utilities in Germany, have indicated that they might drop their lawsuits (8 billion Euro and an estimated 6 billion Euro respectively) against the German government in exchange for a sweetened deal on the decommissioning costs related to the shutdown.
Experts have estimated that the decommissioning of nuclear power plants in Germany will cost at least 80 billion Euro. Utilities in Germany have set aside some 40 billion Euros for decommissioning activities to date.
The post German utilities may drop lawsuits for decommissioning deal appeared first on Enformable.