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German Parliament Backs Extending Lives of Nuclear Power Plants, an Industrial Info News Alert

GALWAY, IRELAND -- (Marketwire) -- 11/02/10 -- Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- The future of nuclear power generation in Germany has been secured following the German parliament's vote in favour of a policy that will extend the lives of its ageing nuclear plants. After a year of bitter political infighting, Germany's coalition government has overturned the country's standing anti-nuclear laws to extend the life of the country's 17 reactors for an average of 12 years. Energy companies E.ON AG (OTC:EONGY) (Dusseldorf, Germany), RWE AG (OTC:RWEOY) (Essen, Germany), Vattenfall AB (Stockholm, Sweden) and Energie Baden-W├╝rttemberg AG (EnBW) (Karlsruhe, Germany) will be expected to pay a heavy price for the extensions.

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