Re: German Utilities, Government Near Accord on Nuclear Shut-Down

["D. Kosloff" <dkosloff@ncweb.com>]

What will happen to the workers?

Don Kosloff dkosloff@ncweb.com
2910 Main St, Perry OH

----- Original Message -----
From: Sandy Perle <sandyfl@earthlink.net>
To: Multiple recipients of list <radsafe@romulus.ehs.uiuc.edu>
Sent: Friday, April 07, 2000 1:13 PM
Subject: German Utilities, Government Near Accord on Nuclear Shut-Down


> German Utilities, Government Near Accord on Nuclear Shut-Down
>
> Berlin, April 7 (Bloomberg) -- RWE AG said it and other German
> utilities came ``significantly closer'' to reaching an agreement with
> the government on a timetable for shutting down the country's 19
> nuclear power plants at a meeting this week.
>
> A team put together to hammer out a pact met for another round of
> negotiations, and a report should be presented in the coming weeks,
> RWE said. The team will gather again on Sunday to continue talks, the
> government said.
>
> ``Whether this will lead to final agreements, we can't yet say,''
> said government spokesman Uwe-Karsten Heye. ``I expect that we could
> find a solution by the end of May.''
>
> Negotiations between the government and utilities on phasing out
> nuclear power in Germany have dragged on for more than a year, as the
> two parties haggle over the remaining operating life of reactors and
> the disposal of nuclear waste.
>
> Utilities have been adamant in their calls for an operating life of
> 35 years, the only ``economically feasible'' proposal, they say.
> Germany's ruling coalition of Social Democrats and environmentalist
> Greens have demanded a 30-year limit and have threatened to pass a
> law forcing plants to close down.
>
> Concern about the outcome of talks has hurt the share performance of
> German utilities, analysts say. RWE, Germany's second-largest
> utility, has fallen 4.1 percent this year, compared with a 6.7
> percent increase on Germany's benchmark DAX index of 30 major
> companies. Veba AG has gained 4 percent.
>
> A meeting between German Chancellor Gerhard Schroeder and the chief
> executives of Germany's four largest utilities, RWE AG, Veba AG, Viag
> AG and EnBW AG is planned, though a date has yet to be set, RWE said.
> Daily newspaper Berliner Zeitung said Schroeder and executives could
> seal an agreement as early as next week.
>
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