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Monday, 14 March 2011 - No laws needed for German nuclear deal suspension |
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    Edition: U.S. Article Comments (0) Full Focus Editor's choice A selection of our best photos from the past 24 hours.   Full Article  Follow Reuters Analyst Research Report Title Price RWE AG: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis. Provider: Reuters Investment Profile $10.0 Buy RWE AG: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis. Provider: Reuters Investment Profile $20.0 Buy Validea Guru Analysis Report for RWEOY. Analysis using Validea's interpretation of the published quantitative strategies of well-known Wall Street experts including Peter Lynch, Warren Buffett, Ben Graham and Ken Fisher, among others. Provider: Validea $18.0 Buy ValuEngine Detailed Valuation Report for RWEOY Provider: ValuEngine, Inc. $25.0 Buy Wright Investors Service Comprehensive Report for RWE AG Provider: Wright Reports $75.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. No laws needed for German nuclear deal suspension Tweet Share this Link this By David Stamp BERLIN (Reuters) - German Chancellor Angela Merkel will suspend on Monday a deeply unpopular agreement to delay closing the nation's nuclear power stations, due to the crisis at a Japanese plant, sources in her coalition said. Last... Email Print Related News No laws needed for German nuclear deal suspension 11:51am EDT Analysis & Opinion Tragic quake may add to inflation pressures Financial tips for snowbirds Related Topics World » Japan » Natural Disasters » Stocks     Neckarwestheim nuclear power plant is pictured during a demonstration March 12, 2011. Credit: Reuters/Ralph Orlowski By David Stamp BERLIN | Mon Mar 14, 2011 11:51am EDT BERLIN (Reuters) - German Chancellor Angela Merkel will suspend on Monday a deeply unpopular agreement to delay closing the nation's nuclear power stations, due to the crisis at a Japanese plant, sources in her coalition said. Last year, the coalition agreed to prolong the life of Germany's aging nuclear plants beyond their original planned closure dates. But with Japanese engineers trying avoid a meltdown at the Fukushima nuclear complex, already strong opposition to Merkel's plan has stiffened. Merkel and Foreign Minister Guido Westerwelle, who lead the coalition's two parties, were to make a joint announcement at 4 p.m. (11 a.m. EST), and one of the sources said the coalition was discussing a three-month suspension of the agreement. Merkel faces a backlash against her nuclear policy before elections in the southwestern state of Baden-Wuerttemberg later this month. Her conservative CDU party risks losing power in the state, due partly to rising support for the Greens. Westerwelle, who leads the Free Democrats, the junior coalition partner, said earlier that a suspension was possible. Asked by reporters if last year's coalition decision might be temporarily suspended, Westerwelle said: "I can imagine that." The further operation of every single nuclear plant in Germany could not be guaranteed, he added. The government had decided to keep the nuclear plants running for about 12 years beyond their original shutdown date, despite large-scale protests even before the earthquake and tsunami hit Japan on Friday. Germany's 17 nuclear power stations are operated by E.ON, RWE, EnBW and Vattenfall. Germany had been due to go nuclear-free after the last plant reached the original end of its life in 2021. But pressure, largely from the power industry, grew to keep the stations open. Last year's agreement was supposed to end months of division in the coalition over the issue. REACTORS FINISHED? One source said a suspension may mean Germany's two oldest reactors, Neckarwestheim 1 und Biblis A, are finished. Under the original closure schedule these two, which began operation in 1976 and 1975 respectively, had been due to shut down this year. No new nuclear power stations have opened in Germany for decades due to public hostility, especially following the 1986 disaster when the Chernobyl plant in Ukraine exploded, spewing radiation across much of Europe. Germany's most modern reactor started up in 1989. Another prominent Christian Democrat, European Energy Commissioner Guenther Oettinger, refused to rule out early plant closures. 1 2 Next World Japan Natural Disasters Tweet this Share this Link this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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