• Germany's news in English

Utility EON to sue over fuel rod tax

The Local · 31 May 2011, 18:03

Published: 31 May 2011 18:03 GMT+02:00

Facebook Twitter Google+ reddit

"EON will sue over the nuclear fuel rod tax," the group said in a statement.

The levy on nuclear energy production was agreed with the government last year in exchange for an extension of the reactors' lifetime.

Retaining the tax while the reactors' lifespan is being greatly reduced was unfair, the company said.

"I reckon that the politically motivated reduction of the plants' lifespan will entail losses of several billion euros," EON boss Johannes Teyssen told the daily Frankfurter Allgemeine Zeitung.

EON shareholders should not bear the cost alone, he said, in an interview to be published Wednesday.

"The cost of the energy overhaul must be borne by society as a whole," he added.

The government wants to retain the tax, amounting to about €2.3 billion per year, despite its decision announced Monday to shutter all 17 of Germany's nuclear reactors within 11 years.

Eight have already been closed and will not reopen.

Story continues below…

EON, one of four energy companies currently operating nuclear plants in Germany, said retaining the tax over the next decade would also reduce its ability to invest in renewable energies, which are needed to replace nuclear power, and would penalise it compared to European competitors.


The Local (news@thelocal.de)

Facebook Twitter Google+ reddit

Your comments about this article

18:54 June 2, 2011 by cobalisk
"The cost of the energy overhaul must be borne by society as a whole"

Just like the cost of building the nuclear power plants was borne by society as a whole? And once the plants were built by society, the 4 energy giants reaped enormous profits on costs paid for by German society.

The big 4 never invested even in their 'voluntary contributions' to renewables. The reaped the profits from legacy power and tried to strangle renewables at every turn.

They never learn, the Titans always lose to the new olympians. Energy monopolies are not an acceptable model for the 21st century.
Today's headlines
Long-vanished German car brand joins electric race
Photo: DPA

Cars bearing the stamp of once-defunct manufacturer Borgward will once again roll off an assembly line in north Germany from 2018, the firm said Wednesday.

Eurowings cabin crew union to strike all day Thursday
Photo: DPA.

UPDATE: A union representing cabin crews on Lufthansa's budget airline Eurowings has announced that strikes will last all day Thursday as ongoing contract negotiations continue to falter.

Hesse hopes to set example by building Iraqi orphanages
Refugee children in northern Iraq. Photo: DPA

The wealthy central German state of Hesse has set aside €1 million to build a school, family homes and an orphanage in northern Iraq, in an effort to help refugees there.

The Local List
10 German clichés that foreigners get very wrong
David Hasselhoff. Photo: DPA

Whether it be efficiency, humourlessness or a love of a certain Baywatch star, there are many cliches stuck in the heads of foreigners about Germany. But how true are they?

Fake Germanwings victim relative convicted in Cologne
A torn piece of metal at the crash site in 2015. Photo: DPA

A German court on Wednesday gave a woman a year's suspended jail sentence for posing as the cousin of a victim in last year's Germanwings plane crash and obtaining compensation offered by the airline.

Couple accused of torturing, murdering women go on trial
The so-called 'house of horrors' in Höxter where the couple allegedly tortured and killed women. Photo: DPA.

A couple accused of luring women to their village home with personal ads started trial on Wednesday over charges that they tortured and killed at least two of their victims.

After July attacks, govt drafts new video surveillance law
Photo: DPA

The Interior Ministry is drafting a law which will enable public spaces to be filmed for surveillance purposes as a reaction to deadly attacks in July, according to a newspaper report.

Merkel: murky internet giants distort perception of reality
Angela Merkel. Photo: DPA.

Chancellor Angela Merkel called on Tuesday for internet giants to make public their closely-guarded algorithms, claiming that they are not giving people diverse enough information.

Pegida leader 'paid court costs with group's money'
Pegida leader Lutz Bachmann. Photo: DPA.

The leader of the anti-Islam movement reportedly used money from Pegida's coffers to pay for two personal court cases, German media reported this week.

Anger as Berlin scraps Turkey concert on Armenia genocide
The Dresden Symphony Orchestra. Photo: DPA

Germany's foreign ministry Tuesday scrapped a planned symphony performance on the Armenian "genocide" in its Istanbul consulate, sparking accusations that it was caving in to Turkish pressure.

10 ways German completely messes up your English
Sponsored Article
Last chance to vote absentee in the US elections
Germany's 10 most weird and wonderful landmarks
10 things you never knew about socialist East Germany
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
Eleven famous Germans with surnames that'll make your sides split
jobs available
Toytown Germany
Germany's English-speaking crowd