E.ON

Fire shuts down Swedish nuclear reactor

Monday, October 24, 2011

The nuclear reactor at Oskarshamn was closed down late on Saturday night after a fire broke out at the plant.

Although the fire, which broke out in the turbine hall of Unit 2, was quickly put out by the plant’s own emergency services, the reactor and the turbine were closed down as a precautionary measure.

It is still unclear when the reactor 2 can be restarted again, with investigations ongoing.

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RWE weighs up sale for UK co-owned Urenco

Sunday, October 16, 2011

German energy giant RWE has appointed advisers for a strategic review of Urenco the nuclear power company it co-owns with the British and Dutch government.

The move could press the UK Government to formalise its own strategy on disposal of the company, which is expected to net UK taxpayers 1bn.

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E.ON's Brokdorf reactor may stay closed for weeks

Monday, August 22, 2011

Northern German nuclear reactor Brokdorf may stay closed for several weeks after it was taken offline on Sunday, a spokeswoman for operator E.ON said on Tuesday.

E.ON hoped to know by the end of this week what the future schedule for the plant would be, the spokeswoman said, adding that E.ON assumed that a transformer at the plant needed to be swapped out.

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Vattenfall CEO: Kruemmel Won't Go Online Before Mid-2011

Monday, January 24, 2011

BERLIN (Dow Jones)--German utility Vattenfall Europe AG has again delayed the planned restart of its nuclear power plant Kruemmel by some six months, Chief Executive Tuomo Hatakka told Dow Jones Newswires Tuesday.

On the sidelines of the Handelsblatt energy conference in Berlin Hatakka also indicated that the company's second northern German reactor--Brunsbuettel--might not be restarted at all if a review of the two power plants shows that a recently introduced tax on nuclear fuel in Germany makes the reactor loss-making.

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Finland – land of uranium

Tuesday, January 18, 2011

The Decision-in-Principle (DiP) in 2002 to build a fifth nuclear power plant made Finland the center of attention when the nuclear power industry began to see its chances. Finland is the first country to have made a decision on final storage of nuclear waste. Finland is also the only Nordic country in which energy consumption is rising.

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Lithuania pleased at German support for nuclear plant

Tuesday, November 2, 2010

Vilnius - Lithuanian Foreign Minister Audronius Azubalis on Tuesday praised German support for a planned nuclear power station to be built in the Baltic country, describing it as a 'guarantee' to potential investors.

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German nuclear tax weighs on utilities' credit ratings

Tuesday, October 26, 2010

When Germany announced its plan to phase out nuclear power stations last month, shares in the big four German power companies rose. The agreement made with the German government would see Eon, RWE, EnBW and Vattenfall pay a nuclear-fuel rods tax of EUR2.3bn until 2016 - but the market had been expecting worse.

But today Moody's has warned that the impact of the tax might yet force a downgrade of the companies' credit ratings.

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Utilities to issue warning on carbon price

Monday, October 25, 2010

Britain’s “big six” energy companies will this week warn Chris Huhne, secretary of state for energy, that the government’s proposed “floor price” for carbon emission permits is not enough of an incentive for them to invest in new nuclear power stations.

Executives from the companies, including Centrica, EDF Energy and Scottish Power, now owned by Iberdrola, are due to make their views clear at a dinner with Mr Huhne on Wednesday.

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German utilities spook investors with nuclear gamble

Tuesday, October 5, 2010

FRANKFURT, Oct. 4 (Reuters) - German utilities' gamble of sacrificing near-term profits in exchange for extending the lifespans of their 17 nuclear plants is pressuring shares and may misfire if the political situation changes.

Last month, the government agreed with the four operators of Germany's nuclear power plants to extend the plants' life by 12 years on average in exchange for at least 31 billions euros ($42.45 billion) of payments.

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Opposition fuming over secret nuclear deal

Wednesday, September 22, 2010

The German opposition has reacted angrily over revelations that the government, as part of its decision to extend the life of nuclear power in Germany to the mid 2030s, struck a deal with the nuclear industry to shield it from unfavorable future political decisions.

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