NLR - Germany to keep last three nuclear power plants running - WSJ

Germany plans to postpone closing the country's last three nuclear power plants , as it braces for a possible energy shortage this winter after Russia drastically lowered gas supplies, The Wall Street Journal reported Tuesday, citing German government officials.

The decision has not been formally adopted by German Chancellor Olaf Scholz's cabinet and likely wood require a vote in Parliament, meaning a formal decision could be weeks off.

But according to the WSJ report, the government believes two key conditions allowing a temporary extension of the life of the three remaining plants, now expected to close December 31, have been met: Germany is facing a likely shortage of gas, and letting the reactors operate longer poses no safety concern.

Potentially relevant tickers include ( NYSEARCA: NLR ), ( CCJ ), ( UUUU ), ( UEC ), ( DNN ), ( FLR )

Mothballed coal plants already have been brought back online to prevent energy blackouts after Russia slashed gas supplies .

Earlier Tuesday, the German government struck a deal Tuesday with RWE and Uniper to import liquefied natural gas through two new floating LNG terminals .

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