E.ON chief open to nuclear ‘bad bank’ idea

The chief executive of E.ON says the German utility is not opposed to the possibility of a public foundation being formed for the purposes of funding the decommissioning of the country’s nuclear power plants.

"If the government came to this conclusion tomorrow ... we wouldn't refuse to enter such a discussion," E.ON's Johannes Teyssen told Der Spiegel in an interview published on Sunday. "But so far we haven't received an invitation."

Discussions have been taking place on the subject of a ‘bad bank’ for nuclear decommissioning since Q1 of this year.

The German government has set a 2022 deadline for decommissioning of all the country’s nuclear power plants and its four nuclear operators in Germany -- E.ON, RWE, EnBW and Sweden's Vattenfall -- have made provisions of about 36 billion euros ($44bn) for plant decommissioning and disposal of nuclear waste.

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