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RWE, EON Jump Most Since 2008 on Atomic Stress Test Pass

  • Reserves `competely reflect' nuclear decommissioning: Ministry
  • Investors had anticipated worst case: Union Investment
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Atomic Stress Test Sends RWE, EON Shares Surging

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RWE AG and EON SE jumped the most since 2008 in Frankfurt trading after the German Economy Ministry said the nation’s utilities have enough funds to pay for the shutdown and cleanup of nuclear power plants.

RWE gained as much as 15 percent and EON rose as much as 12 percent, while bonds of both utilities gained to the highest in a month. Total reserves set aside by EON, RWE, Energie Baden-Wuerttemberg AG, Vattenfall AB and Stadtwerke Muenchen GmbH totaling 38.3 billion euros ($43.6 billion) “completely reflect the costs” of decommissioning nuclear reactors, Economy Minister Sigmar Gabriel said on Saturday in an e-mailed statement.