SOURCE: Industrial Info Resources

Industrial Info Resources

November 15, 2010 02:25 ET

German Nuclear Operators Tighten Belts in Preparation for Nuclear Fuel-Rod Tax, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 15, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- German energy majors RWE AG (OTC:RWEOY), E.ON AG (OTC:EONGY) and Energie Baden-Württemberg AG (EnBW) (ETR:EBK), which along with Swedish company Vattenfall AB (Stockholm) operate Germany's 17 active nuclear power plants, last week reported performance activity for the first nine months of 2010. While earnings for all three companies were up fairly significantly year over year, they warned that less profitable times loom ahead when Germany's nuclear fuel-rod tax takes effect in 2011, continuing through 2016. The government expects to make approximately 2.3 billion euros ($3.15 billion) per year for each year of the six years that the tax is in effect.

Industrial Info is tracking about 44 billion euros ($60 billion) in active projects across 11 countries belonging to RWE, E.ON, EnBW and their subsidiaries. In both number and value, more than half of these projects are in the Renewable Energy sector. According to Industrial Info's Renewables Tracker, about 24.6 billion euros ($33.7 billion) of these projects involve renewable energy. Detailed information on these and other Power Industry capital and maintenance projects throughout Europe is available in Industrial Info's European Power Industry Database.

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