ECJ THROWS OUT STATE AID APPEAL BROUGHT BY GERMAN NUCLEAR POWER OPERATORS
December 1st, 2007
BY KEITH NUTHALL
THE EUROPEAN Court of Justice (ECJ) has effectively ruled that exempting financial contingency reserves created by nuclear power stations from taxation should not be considered illegal state aid. Judges threw out an appeal brought by Germany municipal suppliers against a judgement made by the ECJ's Court of First Instance. The suppliers were challenging the right of power producers such as E.ON Kernkraft GmbH, RWE Power AG,
EnBW Energie Baden-Württemberg AG and Hamburgische
Electricitäts-Werke AG - who all participated in the case - to use ...
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