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BULLETIN: Sweden-Based Vattenfall AB Agrees On Barseb?ck Nuclear Plant Closure Compensation Nov 05
Standard & Poors, Nov 2005
Abstract
STOCKHOLM (Standard & Poor's) Nov. 14, 2005--Standard & Poor's Ratings Services said today that the compensation recently agreed between Vattenfall AB (A-/Positive/A-2), E.ON Sverige AB (A/Stable/A-1), and the Swedish government concerning the politically imposed closure of the second Barseb-ck nuclear reactor in June 2005 has no ratings implications for Vattenfall. The agreed compensation totals Swedish krona (Skr) 5.6 billion (-585 million), of which Skr1.5 billion compensates for additional operating costs at the Barseb-ck nuclear reactor plant following the closure. Vattenfall will receive cash compensation of Skr4.1 billion from the Swedish government in exchange for E.ON Sverige's increased ownership stake in the Ringhals nuclear plant. Standard & Poor's considers this as falling in the lower range of what can be considered...
Companies mentioned in this report are: Vattenfall AB,E.ON Sverige AB
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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