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German Nuclear Operators Must Pay $26.4 Billion for Storage

  • That's the recommendation from a government-appointed panel
  • Operators seeking deal to secure financial market visibility
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RWE AG, EON SE and other German utilities will probably have to pay 23.3 billion euros ($26.4 billion) to cover the costs of storing their nuclear waste once they close their reactors.

That’s what a government-appointed panel recommended that the four operators should fork out in exchange for having the state assume unforeseen liabilities associated with the waste storage exceeding that figure, Juergen Trittin, one of the heads of the 19-member panel said at a press conference in Berlin. RWE rose the most in more than two months, while EON climbed to the highest level since Feb. 5.