EON to Close Atomic Reactor in BMW’s Backyard 7 Months Early (1)
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EON SE (EOAN) wants to shutter a nuclear
plant in Bavaria seven months ahead of schedule, cutting power
capacity in the home of Bayerische Motoren Werke AG (BMW) and Siemens
AG as Germany’s biggest utility tries to save money.
EON notified the Bundesnetzagentur regulator and the grid
operator of its plan to close the 1,275-megawatt plant at the
end of May 2015 “because of its lack of profitability,” the
Dusseldorf-based utility said in a statement.
Grafenrheinfeld, in operation since 1982, Read more [...]