Skip to content
Sunday 30 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,824.26
+0.29%
DAX
26,569.99
+0.77%
CAC 40
8,401.18
+0.98%
STOXX 50
6,485.67
+0.95%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 15 March 2016 3:37 pm

Utility giants E.ON, RWE and Vattenfall clash with the German goverment over nuclear policy in court hearing

By: Jessica Morris

Add as a preferred source on Google

Utility giants clashed with German government officials in court over the country's controversial decision to ditch all of its nuclear plants by 2022.

E.ON, RWE and Vattenfall are seeking €19bn (£14.9bn) compensation for the closures, which scrapped one of their main sources of profit. 

Johannes Teyssen, chief executive of larger peer E.ON, said they were seeking to be fairly compensated for the shutdowns, rather than an abandonment of the policy.

The German government, which sped up the nuclear shutdown and reversed an earlier agreement to extend the lifespan of some plants following Japan's Fukushima disaster, today defended the policy.

"The decision to end the use of nuclear power as soon as possible following the drastic events of Fukushima not only meets legal requirements, it was and continues to be the right decision," Barbara Hendricks, environment minister, said. 

While the case is expected to conclude for several months, the two-day hearing will be watched for insight into the thinking of the judges' panel.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Pensioners to hand over bank statements in government benefits crackdown

  • Jamie Carragher: HMRC petitions for Sky Sports star to be declared bankrupt

  • City firms mandate phone and face-to-face comms bootcamps for Gen Z lawyers

  • Brewdog founder James Watt hits out at ‘total silence’ over new venture

  • Asda turnaround king Allan Leighton hopes for summer boost

More from Morning Wire

  • Amentum to Support Critical Infrastructure and Platforms Under New Engineering Services Framework

    Business Wire
  • Westinghouse and Amentum Partner to Expand Delivery Capacity for APX Fleet Deployment

    Business Wire
  • Bayer Leverkusen and RB Leipzig face ownership shake-up after 50+1 ruling

    Sport Business
    Two male soccer players, one in blue and one in white/red, vie for the ball on a green field.
  • Exclusive: City giants tighten trans policies

    Business
    Progress Pride flag flying on a pole against a modern building, symbolizing trans policies in city firms
  • Tories say households could save £540 a year by scrapping net zero

    Energy
    Kemi Badenoch speaks, gesturing with hands, while Claire Coutinho listens intently at a table with coffee cups.
  • Could a ‘land blocking’ rule change spell danger for Aldi and Lidl?

    Retail
    Lidl supermarket sign with blue, yellow, and red logo against a clear blue sky
  • ‘Good growth in every postcode’ is a woeful catchphrase

    Opinion
    Andy Burnham adjusting his tie, overlooking white cliffs and the sea on a sunny day
  • Quaise Energy Closes $180 Million Series B with $35 Million Investment from Nabors Industries and Strategic Framework to Build World’s First Superhot Geothermal Power Plant

    Business Wire
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook