"Belgium Agrees On Conditional Nuclear Exit Plans"

"Belgium's political parties have reached a conditional agreement to shut down the country's two remaining nuclear power stations, owned by GDF Suez unit Electrabel, a government spokeswoman said Monday."

"The plan for a shutdown of the three oldest reactors by 2015 and a complete exit by 2025 is conditional on finding enough energy from alternative sources to prevent any shortages.

"If it turns out we won't face shortages and prices would not skyrocket, we intend to stick to the nuclear exit law of 2003," a spokeswoman for Belgium's energy and climate ministry said.

Belgium, which has seven nuclear reactors at two plants, had passed a law in 2003 outlining the planned shutdowns."

Robert-Jan Bartunek reports for Reuters November 1, 2011.

Tuesday, November 1, 2011