RWE’s Gundremmingen nuclear plant, located in Bavaria, is slated to close at the end of the year. Photo: Wikipedia/Felix König

After years of litigation, Germany has reached an agreement with four utility companies on compensation for losses incurred as a result of the government’s stunning decision in 2011 to abandon nuclear power. In March of that year, only days after the Fukushima Daiichi disaster, German Chancellor Angela Merkel announced a 180-degree reversal in the country’s energy policy, which had been one of support for nuclear power. Eight units were shut down immediately, and by May 2011 the government had announced a plan to close all nuclear power plants by 2022.

The companies will receive a total of €2.4 billion (about $2.85 billion), with €1.4 billion going to Sweden-based Vattenfall and the remaining €1 billion split between German utilities RWE (€880 million), EnBW (€80 million), and E.ON (€42.5 million). In return, the companies have agreed to terminate all phaseout-related legal disputes with the government.

Nuclear power is an important component in the fight against climate change, but independent regulation is needed to gain the public’s---and governments'---trust, according to a March 6 article in The Economist, “Nuclear power must be well regulated, not ditched.”

The article reviews the negative effect that the Fukushima Daiichi accident had on the worldwide nuclear industry following the earthquake and tsunami in March 2011. Japan’s direct economic cost, estimated at more than $200 billion, was larger than that of any other natural disaster the world has seen, according to the article.

Mary Lou Dunzik-Gougar

In the September issue of Nuclear News, I asked if you’ve ever wondered why nuclear isn’t commonly considered the choice for clean power production. In that column and in August’s, I provided some information about the cleanliness and safety of nuclear for your use as you make the case for this clean energy source to friends and neighbors. This month, let’s talk reliability.