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...
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