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.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...