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BULLETIN: Sweden-Based Vattenfall AB Agrees On Barseb?ck Nuclear Plant Closure Compensation Nov 05 Product Image

BULLETIN: Sweden-Based Vattenfall AB Agrees On Barseb?ck Nuclear Plant Closure Compensation Nov 05

  • Published: November 2005
  • Standard & Poors

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

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Vattenfall AB,E.ON Sverige AB

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