Nuclear policy to impact EOn results

- May 5th, 2011

World Nuclear News reports on nuclear policy will be an important role in Germany’s future energy mix.

World Nuclear News reports on nuclear policy will be an important role in Germany’s future energy mix.

The market news is quoted as saying:

Speaking at the company’s annual shareholders’ meeting in Essen today, EOn CEO Johannes Teyssen said: “The 2011 and 2012 financial years will be significantly impacted by the challenges we currently face in our markets, in our regulatory environment, and because of Germany’s fiscal policies. You’re all familiar with the most important issues: lower wholesale prices across Europe as a result of reduced demand in the wake of the global economic crisis, the threat of massive losses in our gas wholesale business because of an oversupply of gas, and billions of euros in new taxes relating to the lifetime extensions for nuclear power stations in Germany.”

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