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German Utilities Pass Government Atomic Cleanup Stress Test

  • Economy Ministry doesn't see need for immediate action
  • Companies say worst-case scenarios are `unrealistic'
Updated on

Utilities in Germany have enough funds to pay for the shutdown and cleanup of nuclear power plants as decommissioning moves a step closer, the Economy Ministry said Saturday.

Total reserves set aside by EON SE, RWE AG, Energie Baden-Wuerttemberg AG, Vattenfall AB, and Stadtwerke Muenchen GmbH of 38.3 billion euros ($43.5 billion) “completely reflect the costs,” Economy Minister Sigmar Gabriel said in an e-mailed statement.