RWE expects nuclear fuel tax payments to be refunded

•German Constitutional Court rules nuclear fuel tax not compatible with German constitutional law and void

Today, the German Constitutional Court informed RWE in writing  that the nuclear fuel tax levied until 31 December 2016 was not compliant with the provisions of German constitutional law and is retrospectively void. RWE had made approximately EUR 1.7 billion in nuclear fuel tax payments since 2011. The tax had a limited term from the beginning and lapsed on 31 December 2016.

RWE will analyse the reasons for the decision. The company had already stated in its annual report that any refunds would be recorded in the non-operating result. Therefore, adjusted EBITDA and adjusted net income will not be affected. No decision has been made on how these funds will be used.