Alternative Fuels

Nuclear fuel tax verdict is boost for German utilities

A court ruling voiding a nuclear fuel tax imposed on German utilities will strengthen the balance sheets of companies that have been hit by lower power prices A court ruling voiding a nuclear fuel tax imposed on German utilities will strengthen the balance sheets of companies that have been hit by lower power prices.
By Andreas Walstad 21 June 2017 0 26454

A court ruling voiding a nuclear fuel tax imposed on German utilities will strengthen the balance sheets of companies that have been hit by lower power prices, ratings agency Moody’s said in a recent report. 

On 7 June, Germany’s Federal Constitutional Court ruled that a nuclear fuel tax imposed on energy utilities was unconstitutional. The decision will result in E.On, RWE and EnBW receiving payments of around €6-7 billion ($6.7-7.8 billion) from the government, the report said.

“The cash inflow will strengthen the...