BERLIN – The German Cabinet plans to approve a draft law on Aug. 3 that will require its utilities to pay billions of euros into a state fund to help cover the cost of nuclear storage, according to an Economy Ministry timetable seen by Reuters on Monday.
A commission recommended in April that Germany’s “big four” power firms — E.ON, RWE, EnBW and Vattenfall — pay a total €23.3 billion ($26 billion) to remove unwanted long-term liability for the storage of nuclear waste.
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