Utility EnBW Energie Baden-Wuerttemberg AG (EBK.XE) said Tuesday the temporary closure of two of its nuclear reactors slashes around EUR150 million off adjusted earnings before interest and taxes in 2011.
Utility EnBW Energie Baden-Wuerttemberg AG (EBK.XE) said Tuesday the
temporary closure of two of its nuclear reactors slashes around EUR150 million
off adjusted earnings before interest and taxes in 2011.
Chief Executive Hans-Peter Villis told shareholders at the company's annual
general meeting that the earnings hit would be even higher if the two reactors
would be shut permanently.
"The impact on earnings would rise to EUR400 million to EUR450 million if
the extension of reactor operating lives [that was decided by the government last
year] were to be retracted," Villis said.
Villis's comments come as two of EnBW's four nuclear reactors have been
temporarily shut down while the German government undertakes a drastic review
of its atomic energy policy following the nuclear accident at
Japan
's
Fukushima Daiichi power plant.
German Chancellor Angela Merkel has pushed for a three-month safety review of
all 17 German nuclear power plants, ordering the country's seven oldest
reactors closed for safety checks. Many observers have speculated that some or
all of the plants may not reopen.
Two of the reactors--Neckarwestheim 1 and Philippsburg 1--are owned and
operated by EnBW.
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