Engie Slips as Belgium Tightens Grip on Decommissioning of Nuclear Plants
- Belgian atomic body to get wide-ranging powers over Engie unit
- Country envisages phased closing of seven Engie nuclear plants
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Engie SA shares fell the most in two weeks as Belgium outlined plans to tighten its grip on the decommissioning of the seven nuclear plants operated by the French utility in the country.
The Belgian government wants to make Engie’s local unit Electrabel SA legally liable for the costs of dismantling nuclear power plants, de Tijd reported Friday, citing Energy Minister Tinne Van der Straeten. The Belgian nuclear regulator will also get far-reaching powers over Electrabel, including a say on capital measures, and dividend payments to Engie, according to the newspaper.