Tuesday, December 6, 2016

Waterfall gets the right against the German state – Swedish Radio

It was the right of politicians to quickly decide whether to phase out the German nuclear power after the nuclear accident in Fukushima. But the companies that suffered under the German constitution, the right to compensation for incurred losses, according to the German constitutional court of Karlsruhe in its judgment.

For Swedish Waterfall it means that the company is likely to have come closer to a settlement on the compensation. Vattenfall has demanded € 4.7 billion for the costs associated with the closure of the reactors and for the loss of income. Vattenfall operates in parallel claims in a court of arbitration in Washington and today’s ruling affects most likely the the process.

It was the German Eon, RWE and the Swedish state-owned Vattenfall, who jointly drew the German government before the constitutional court. The background is the conflicting decisions of three German governments took on the German nuclear energy. The first settlement, since the extension and after Fukishimakatastrofen, a quick settlement and stoppage of the nuclear power plant that was not started. Waterfalls that have just modernised their nuclear reactors in Krûmmel and Brünsbuttel for the billions, and that was not in operation, consider themselves hard financial hit.

Energy companies claim that in the German state violates grundlagsfäst property rights, and the freedom to conduct a business, and consider avvecklingsbeslutet as an illegal expropriation.

the Government leans also against the constitution and the duty to protect the safety of citizens.

Energijättarnas critics claim that the power companies, which have benefited from government subsidies and made great earnings has had plenty of time to put aside reserves for the settlement.

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