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Extended Liability Act.

Country/Territory
Germany
Document type
Legislation
Date
2017
Source
FAO, FAOLEX
Original source
Bundesgesetzblatt, Part I, No. 5, 2 February 2017, pp. 127 and 128.
Long title
Act on liability for dismantling and waste disposal costs in the nuclear power sector.
Subject
Energy, Waste & hazardous substances
Keyword
Nuclear energy Liability/compensation Business/industry/corporations Hazardous waste Waste disposal Waste management
Geographical area
Alps, Europe, Europe and Central Asia, European Union Countries, North Sea, North-East Atlantic, Western Europe
Abstract

The present Act enforces the Atomic Energy Act of 23 December 1959. In particular, the Act establishes that controlling companies of nuclear power plants will remain liable for the operating companies they control, to the extent that this concerns: i) the cost of decommissioning and dismantling of their NPPs; ii) liabilities towards the Fund; and – in the case that a company decides against paying the risk surcharge; iii) any additional payment obligations in the event that the cost of the nuclear waste disposal is higher than anticipated. The controlling company will be held liable only if the operator has ceased to meet its payment obligations – e.g. as a result of insolvency – or has ceased to exist. The text consists of 4 articles.

Full text
English
Website
www.bgbl.de