Create a free Manufacturing.net account to continue

E.ON seeks 8 billion euros in nuclear exit damages

FRANKFURT (Reuters) - E.ON AG, Germany's largest utility, is seeking 8 billion euros ($10 billion) of compensation in a potential industry-wide claim against the government following its decision last year to shut down nuclear power stations.

FRANKFURT (Reuters) - E.ON AG, Germany's largest utility, is seeking 8 billion euros ($10 billion) of compensation in a potential industry-wide claim against the government following its decision last year to shut down nuclear power stations.

Earlier on Wednesday, the Frankfurter Allgemeine Zeitung newspaper reported that German utilities including E.ON were seeking a total of 15 billion euros in damages over the government's move.

Germany's constitutional court plans to ask this week for the views of the government and other stakeholders about the validity of the claims, the paper said.

SOURCE