HALISTER: German Top Court: Utilities Entitled to Damages for Atomic Exit

German Top Court: Utilities Entitled to Damages for Atomic Exit

(Bloomberg) -- RWE, EON and Vattenfall must get some form of compensation for rights lost in Germany’s decision to exit from nuclear energy, nation’s top court rules.
  • Court didn’t determine any damages; RWE, EON and Vattenfall need to start proceedings in civil court to claim compensation
  • NOTE: Court ruling is related to Germany’s decision to exit nuclear-power generation by 2022; policy was prompted by 2011 Fukushima accident
  • NOTE: Ruling in related Vattenfall ICSID arbitration case expected for mid-2017 with co. seeking EU5.7b of compensation, including interest
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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EOAN GR (E.ON SE)
RWE GR (RWE AG)
VATT SS (Vattenfall AB)

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