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2016-12-06

Vattenfall: Vattenfall on the ruling of the German Federal Constitutional Court

Vattenfall welcomes today's ruling of the German Constitutional Court.
It confirms that the immediate shutdown without compensation of the
nuclear power plants operated by Vattenfall was not in compliance
with the German law.

The ruling demonstrates that the Thirteenth Law Amending the Atomic
Energy Act would have had to include a compensation.

The Federal Constitutional Court has limited itself to stating the
unconstitutional nature of the accelerated shutdown. There has been
no decision on amount, type and time of compensation for Vattenfall.

"Vattenfall welcomes the court decision as it clarifies the legal
situation in Germany. The court acknowledges the right for Vattenfall
as a foreign and state-owned company to bring the claim before the
court as well as a right to compensation by the German government.
The closure of nuclear power as such has not been considered contrary
to German law. We are pursuing the process in Washington where
Vattenfall's right to compensation will be established, a decision is
expected by the summer", says Anne Gynnerstedt, Vattenfall's General
Counsel.

Background:
In 2012, Vattenfall lodged a constitutional complaint against the
Thirteenth Law Amending the Atomic Energy Act of 31 July 2011. The
complaint did not argue against the German Energiewende, but argued
against the decision to decommission, without compensation, the
nuclear power plants operated by Vattenfall as a result of the
Thirteenth Law Amending the Atomic Energy Act.

For further information, please contact:
Magnus Kryssare, press officer, phone: +46-76 769 56 07

From Vattenfall's Press Office, telephone: +46 8 739 50 10.

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http://news.cision.com/vattenfall/r/vattenfall-on-the-ruling-of-the-germ...
http://mb.cision.com/Main/865/2138719/600386.pdf

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