Merkel Coalition Backs Atomic-Power Exit by 2022; RWE Falls
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German Chancellor Angela Merkel’s coalition endorsed a blueprint to shut its nuclear-power plants by 2022, repealing the law she pushed to extend the life of the reactors to become the biggest nation to exit atomic power.
EON AG and RWE AG, the two biggest utilities, led declines on the benchmark DAX stock index, with RWE falling to its lowest since December 2004 as the government retained a tax on spent fuel rods. Solar-power companies Q-Cells SE and Solarworld AG rallied.