Merkel's Victory Brightens Germany's Nuclear Future
Source: Nuclear Engineering International (9/28/09)
"It is now likely that Germany's 17 nuclear power plants. . .will have their lives extended for 10 to 15 years."
The results of the federal elections, which took place on September 27th, gave a majority to the CDU, 33.5%, while the socialist party (SPD) suffered a defeat with its worst result since the war, around 23%. The Free Democrats (FDP), ranked third with 14.5% of the vote. The left-wing, Die Linke, collected 13% of the vote and the Greens, Die Grüne, received 10%.
Merkel has outlined plans to form a swift coalition with the FDP. Before the election, both parties said they will introduce a new nuclear law and allow the nuclear power plants to operate longer than the 32 years fixed by the former red-green government.
Shares in German utilities E.ON and RWE rose by more than 4%, amid hopes that the new administration would decide to extend the life of the reactor fleet.