Big Phasehout Payout On The Way

A three-month closure imposed by the government on RWE’s Biblis A and B reactors as an immediate response to the Fukushima accident was illegal, a German court has ruled.

Phaseout

The administrative court for the German state of Hesse has found the state ministry of the environment acted illegally on 18 March 2011 when it issued an order for the immediate closure of the Biblis units.

This decision, as well as a tax on nuclear fuel levied in anticipation of continued operation of nuclear plants before the phaseout decision, have cost German nuclear operators dear: RWE estimated that the phase-out cost the company over €1 billion ($1.3 billion) in 2011 alone.

Any claims for damages against the state of Hesse would be decided in subsequent civil court proceedings.

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